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    FOR LEASE
    Turn key restaurants

    1100 Houston Ave, McAllen, TX 78501

    5,637 SF 0.32 ac lot Built 1990
    Individually Owned 20-yr Hold Absentee Owner Free & Clear
    Property ID
    US82-2177057
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Licon Almada Family · 20 yrs held
    Licon Almada Family
    since 2006
    7 recorded transactions
    2019
    2006
    1969
    1969
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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