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Property profile & analytics
OFF-MARKET
Retail space

1601 7th St Mcallen, TX 78501-2433

1,918 SF 0.19 ac lot Built 1985
Entity Owned 1-yr Hold Free & Clear
Property ID
US82-0892412
Property summary
AI-generated overview

This exceptional 1,918 square foot commercial property, located at 1601 N 7th Street in McAllen, Texas, presents a unique investment opportunity. Situated on a desirable 0.19-acre corner lot at the intersection of Pecan Boulevard and 7th Street, this C3-zoned property boasts unparalleled visibility and accessibility. The building's charming, home-style design creates an inviting atmosphere, perfect for a wide range of businesses. Its central McAllen location ensures high traffic and exposure within a thriving commercial area. Currently undergoing renovations, including refinished flooring, the property is poised for immediate occupancy. The asking price is $400,000, and owner financing is available, making this an attractive proposition for both buyers and potential lessees. The property's versatile nature and prime location make it an ideal investment for entrepreneurs seeking a high-impact presence in the heart of McAllen. Don't miss this chance to secure a thriving business location in a dynamic and growing market. Contact us today to schedule a viewing.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1985
Total area 1,918 SF
Lot 0.19 ac (8,233 SF)
Zoning code R-1
APN R1550-00-001-0018-00
UPID US82-0892412
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
Current use
Occupant on record · Public records
  • Cantu's Special Events Event Planning Wedding Service
  • Pecan Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Lugo Property Ventures LLC · 1 yrs held
Lugo Property Ventures LLC
since 2025
4 recorded transactions
2025
Price N/A
2025
Price N/A
2024
Price N/A
1969
Price N/A
Zoning & alternative use
R-1 · Mcallen, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

the Code of Ordinances, is prohibited on any properties zoned residential (R-1, R-2, and R-3) or City Core (C-C) District, except as may be allowed by section 102-202. This prohibition is applicable to any new or existing single-family or multifamily residence notwithstanding Chapter City of McAllen Chapter 4. Development Standards Unified Development Code A…

Zone name Single Family Residential
General category RESIDENTIAL
Zone area 12,620.65 ac
Source revised UDC
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