516-518 Broadway St McAllen, TX 78501
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.
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
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.