318 Broadway St Mcallen, TX 78501-4802
This exceptional investment opportunity presents a prime retail property situated at the bustling intersection of Broadway and Dallas Streets in the heart of McAllen, Texas. The property, encompassing two legal descriptions, offers a total of eight individual retail spaces, totaling approximately 10,791 square feet. The building boasts a desirable tenant mix, ensuring consistent income potential. Constructed in 1985, the structure features a classic brick exterior with attractive glass storefronts, creating a welcoming and visible presence. The property's location on a prominent corner provides excellent visibility and accessibility, benefiting from high foot traffic and proximity to major roadways. Furthermore, its strategic location places it within easy reach of numerous other retail establishments, banks, and restaurants, enhancing its appeal to both tenants and customers. The expansive 13,000 square foot lot provides ample space and potential for future development or expansion. This well-maintained property offers a compelling investment opportunity in a thriving Texas market. The addresses included are 314, 316, 318, and 320 South Broadway Street, and 1306, 1308, 1310, and 1312 Dallas Avenue, all within the 78501 zip code. The asking price for this exceptional property is $995,000.
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Dream Dress Boutique Clothing & Fashion Store
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mayra ibarra Hair Salon Nail Salon
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.