Property profile

311 3Rd St McAllen, TX 78501

OFF-MARKET
Commercial real estate
Property ID
US82-2196249
1,470 SF 0.11 ac lot Built 1999
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 1,470-square-foot commercial property, situated on a 0.11-acre lot at 311 N 3rd Street in McAllen, Texas, presents a unique investment opportunity. Currently configured as a machine shop specializing in blade sharpening, the building boasts a versatile layout ideal for a variety of commercial uses. Key features include a private office, two bathrooms, and a robust three-phase electrical system, ensuring ample power for demanding operations. The building is equipped with efficient air conditioning and a durable metal roof, minimizing maintenance costs. A large overhead door facilitates easy access for storage and material handling. Ample on-site parking is available for both employees and customers. The property's location on a busy section of Col Rowe Blvd. guarantees high visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in McAllen's thriving commercial landscape. The asking price of $250,000 represents a compelling value for this well-maintained and strategically located commercial building. This is a rare opportunity to acquire a functional and adaptable space in a prime McAllen location.

Property profile

Verified
Property type Commercial real estate
Year built 1999
Total area 1,470 SF
Lot 0.11 ac (4,792 SF)
UPID US82-2196249

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Building Supply

Location

311 3Rd St McAllen, TX 78501
McAllen metro
Google Maps

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

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 311 3Rd St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message