411 Business 83 McAllen, TX 78501
This exceptional 2,000-square-foot retail property, located at 411 W. Business 83 in McAllen, Texas, presents a compelling investment opportunity. Situated in the heart of McAllen's bustling business district, this building offers a prime location with high visibility. Built in 1983, the property sits on a 4,346-square-foot lot and boasts a versatile layout ideal for an owner-user. Previously utilized as an auto-repair shop and a cellular phone store, the space features a welcoming lobby/showroom area seamlessly connected to a smaller warehouse. The garage, conveniently facing Business 83, provides direct access to a covered rear area suitable for outdoor storage. This adaptable space offers significant potential for a variety of uses, making it an attractive option for entrepreneurs seeking a well-established location in a thriving Texas city. The asking price is $485,000. The property's zip code is 78501, and it's located in Hidalgo County. This is a rare opportunity to acquire a well-positioned commercial property in a high-demand area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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