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Property profile & analytics
OFF-MARKET
Office Spaces

516-518 Broadway St McAllen, TX 78501

Built 1980
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents two separate office spaces totaling 5,000 square feet situated on a 6,500 square foot lot in the heart of McAllen's central business district (CBD). Located on Broadway Street, this property enjoys a highly visible and convenient location, just over a block north of McAllen City Hall and directly adjacent to several consulates (Mexico, Honduras, El Salvador, and Guatemala). Across the street, you'll find established law offices and other professional businesses, creating a strong sense of community and reinforcing the area's professional character. Built in 1980, the building has recently undergone significant improvements, including a new roof, and is currently undergoing upgrades to its HVAC system and interior spaces. This presents a unique chance to acquire a well-established office building in a thriving downtown area, offering immediate income potential and significant long-term growth prospects. The asking price for this prime McAllen commercial property is $600,000. The property's strategic location, coupled with the ongoing renovations, makes it an attractive investment for both seasoned and emerging commercial real estate investors seeking a foothold in a dynamic Texas market. The combination of office space and land provides flexibility for future development or expansion. Don't miss this opportunity to own a piece of McAllen's vibrant downtown core.

Property profile
Verified
Property type Office Spaces
Year built 1980
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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