Property profile

1100 Houston Ave McAllen, TX 78501

FOR LEASE
Turn key restaurants
Property ID
US82-2177057
5,637 SF 0.32 ac lot Built 1990
Individually Owned 20-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 1100 Houston Avenue in Hidalgo County, presents a unique opportunity for restaurant entrepreneurs. The property encompasses a substantial 14,000 square foot lot and features a 5,637 square foot single-tenant building constructed in 1990. Currently vacant, the entire building is available for immediate occupancy, offering a blank canvas for a new culinary venture. The spacious interior layout includes designated dining areas and a dedicated bar area, providing ample flexibility for various restaurant concepts. The property boasts fifteen parking spaces, ensuring convenient access for patrons. The property's Assessed Parcel Number (APN) is M195000063000100. This prime location in Hidalgo County offers high visibility and accessibility, making it an ideal site for a thriving restaurant business. The existing building provides a solid foundation for immediate operation, minimizing upfront construction costs. This is a rare opportunity to acquire a substantial restaurant property in a desirable location with significant potential for growth and profitability. The property's size and layout offer considerable versatility, allowing for customization to suit a wide range of restaurant styles and sizes. The ample parking further enhances the property's appeal to potential customers. Don't miss this chance to establish your restaurant in a prime Hidalgo County location.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1990
Total area 5,637 SF
Lot 0.32 ac (14,000 SF)
APN M1950-00-063-0001-00
UPID US82-2177057

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1100 Houston Ave McAllen, TX 78501
McAllen metro Census 21100 MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2006
7 recorded transactions
2019
Price N/A
2006
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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