111 23Rd St McAllen, TX 78501

Property Details for 111 23Rd St

Year built

2016

Lot size

0.84 lot acres

Property size

12,340 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

B2071-00-000-0001-00

APU

B207100000000100

Description

This exceptional commercial property, located at 111 N 23rd Street in McAllen, Texas, presents a lucrative investment opportunity. The 12,300 square foot complex, built in 2017, sits on a substantial 36,234.079 square foot lot. The property is comprised of seven individual units, currently 100% occupied, offering immediate cash flow. Four units, each approximately 1,200 square feet, face North 23rd Street, while three larger units, each approximately 2,500 square feet, face Beech Avenue. Each unit is a "white box" open warehouse space with one bathroom and a separate electric meter, providing flexibility for various tenants. The property's strategic location at the southwest corner of Beech Street and North 23rd Street in McAllen, TX (zip code 78501) ensures high visibility and accessibility. The asking price for this exceptional commercial center is $2,000,000. This property is classified as Retail, Office, Industrial, and Land, encompassing Commercial, Executive Office, and Warehouse subtypes. The property's strong occupancy rate and versatile unit configurations make it an ideal investment for discerning buyers seeking a high-return asset in a thriving Texas market.

Location Insight

City

Mcallen

County

Hidalgo

State

Texas

Longitude

-98.2457

Latitude

26.2071

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments