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Property profile & analytics
OFF-MARKET
Retail space

321 Broadway St McAllen, TX 78501

5,800 SF 0.11 ac lot Built 1966
Individually Owned 6-yr Hold
Property ID
US82-4653331
Property summary
AI-generated overview

This exceptional investment opportunity presents a 5,800 square foot retail storefront located at 321 & 323 S. Broadway St in McAllen, Texas. The property, situated on a 0.107-acre corner lot, boasts a prominent location in the heart of downtown McAllen, at the intersection of Broadway and Dallas Avenue. Built in 1966, this Class C building features a striking glass storefront and offers easy access to major roadways. The property includes three units, making it ideal for a variety of uses, including retail, office, or showroom space. With a total of 5,800 square feet, the asking price is $495,000, translating to $85.34 per square foot. The property is zoned C and benefits from its proximity to numerous retail establishments, banks, and restaurants. This multi-tenant property is offered with a gross lease type. The Hidalgo County property features APN M1950-00-030-0012-01 and a 78501 zip code. This is a rare chance to acquire a well-positioned commercial property in a thriving Texas market.

Property profile
Verified
Property type Retail space
Year built 1966
Total area 5,800 SF
Lot 0.11 ac (4,661 SF)
APN M1950-00-030-0012-01
UPID US82-4653331
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
  • Erika's Boutique Clothing Store
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
South Texas Educational Techno · 6 yrs held
South Texas Educational Techno
since 2019
3 recorded transactions
2019
Price N/A
2018
Price N/A
2017
$41,700
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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