Current Use by Public Records
- Office Spaces
Property Details for 4413 Us-83 Bus
- Lot size
- 1.00 lot acres
- Property type
- Office Spaces
- Property subtype
- Mixed-use properties
Description
This exceptional 8,000-square-foot multi-use flex space in McAllen, Texas, presents a compelling investment opportunity. Situated on one acre of land along Business Highway 83, this property boasts high visibility and significant traffic counts due to its location at a signalized intersection. The building features three income-producing suites, offering versatility for various business needs. Ample parking and a sizable rear storage yard cater to operational efficiency. Its strategic proximity to IH-2 and a 23-minute drive to the McAllen-Hidalgo International Bridge further enhances its appeal. The asking price is $875,000, representing a 5.70% cap rate. This property is ideal for both end-users seeking a functional space and investors looking for a strong return. The gross lease structure simplifies management, and the multi-tenancy aspect provides diversified income streams. The property is zoned for industrial, mixed-use, and office purposes, offering flexibility for a wide range of businesses. This is a rare opportunity to acquire a high-traffic, well-located commercial property in a thriving Texas market. The property's size, location, and features make it a highly desirable asset.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- McAllen
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.2703
- Latitude
- 26.209
