300 Main St Mcallen, TX 78501-4807

The M. & J. Nelson Building, a three-story, 50,000 square foot mixed-use property located at 300 S Main St, McAllen, TX 78501, presents a unique investment opportunity. This Core+ investment, currently 50% occupied, offers 50,000 square feet of net rentable space, priced at $116 per square foot for a total asking price of $5,800,000. Situated on a 0.4-acre lot in the heart of downtown McAllen, this historically significant building, originally constructed in 1949, boasts a prime location near McAllen City Hall, ensuring high visibility and accessibility. The flexible floor plans allow for diverse tenant needs and customization. The building's commercial zoning permits a variety of uses, including retail, office, special purpose, and hotel spaces. The existing rental income provides a stable foundation for future growth, with significant potential for increased revenue through strategic redevelopment of the third floor. This property offers a blend of historical charm and modern adaptability, making it an exceptional investment opportunity in a thriving downtown area. The building's rich history and prime location create a compelling opportunity for a savvy investor to capitalize on the revitalization of downtown McAllen.