5401 N "G" St McAllen, TX 78504
This exceptional single-tenant medical office building, totaling 18,559 square feet, presents a unique investment opportunity in South Texas. Constructed in 2018, the Class B building boasts a spacious 11,130 square feet of vacant space, ideal for expansion or lease to new tenants. Situated on a 2.69-acre lot (117,363 square feet), the property offers ample parking with 141 spaces, including 98 front spaces with designated handicap access and 43 covered rear carport spaces. The building features a single story design and is strategically located adjacent to Doctor's Hospital at Renaissance, the fastest-growing medical complex in South Texas, a 530-bed facility with over 60 specialties and subspecialties. This prime location ensures high visibility and accessibility for medical professionals and patients. The property's current tax rate is $3.10 per square foot. The building currently has five suites, with one occupied by the landlord, which could be vacated to provide a total of approximately 20,000 square feet of contiguous space. The property's address is North G Street, with a cross street of Dove St, and APN D2960-03-000-0005-00. This presents a rare chance to acquire a well-located, modern medical office building in a rapidly expanding medical hub.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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