300 Main St, Mcallen, TX 78501-4807
- Retail space
- 22,410 SF
- 0.40 lot acres
Current Use by Public Records
- Traditions Furniture & Home Decorations / Furniture & Home Goods / Home Decor Store
Property Details for 300 Main St
- Year built
- 1975
- Lot size
- 0.40 lot acres
- Property type
- Retail space
- APN
- M1950-00-028-0008-00
- APU
- M195000028000800
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 3, 2023 | — | Morris R Nelson III | Joanna Ruth Nelson | Intrafamily Transfer · related | — |
| Nov 13, 2019 | — | Morris R Nelson III | — | Deed · related | $50k · Lone Star Nat'l Bk |
| Dec 4, 2017 | — | Morris R Nelson II | — | Deed · related | $100k · Lone Star Nat'l Bk |
| Feb 1, 2017 | — | Nelson,morris R & Morris R II Tr | — | Deed · related | $102k · Lone Star Nat'l Bk |
| Sep 12, 2016 | — | Morris R Nelson II | — | Deed · related | $22k · Elsa St Bk&tr |
| Sep 25, 2009 | — | Morris R Nelson II | — | Trustees Deed · related | $41k · Elsa State Bank & Trust Co |
| — | — | Morris R Nelson II | — | Loan Modification · related | $31k · Elsa State Bank & Trust Co |
| — | — | Morris R Nelson II | — | Deed Of Trust · related | $225k · Lone Star National Bank |
| — | — | Morris R Nelson III | — | Deed Of Trust · related | $50k · Lone Star Nat'l Bk |
| — | — | Nelson Morris R II Tr | — | Deed Of Trust · related | $171k · Lone Star National Bank |
| — | — | Morris R Nelson II | — | Loan Modification · related | $22k · Elsa St Bk&tr |
| — | — | Nelson,morris R & Morris R II Tr | — | Loan Modification · related | $102k · Lone Star Nat'l Bk |
| — | — | Morris R Nelson II | — | Deed Of Trust · related | $100k · Lone Star Nat'l Bk |
| — | — | Morris R Nelson III | — | Deed Of Trust · related | $225k · Lone Star National Bank |
| — | — | Nelson,morris R II | — | Deed Of Trust · related | $48k · Elsa St Bk&tr |
| — | — | Morris R Nelson II | — | Deed Of Trust · related | $215k · First National Bank |
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $790,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,308,000
Market price range: $1.08M - $3.15M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Mcallen
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.2352
- Latitude
- 26.2012
- CBSA code
- 32580
- CBSA name
- MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
