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Property profile & analytics
OFF-MARKET
Turn key restaurants

5921 23rd St Mcallen, TX 78504-3934

2,462 SF 0.46 ac lot Built 1990
Entity Owned 16-yr Hold Free & Clear
Property ID
US82-1529044
Property summary
AI-generated overview

This exceptional commercial property in McAllen, Texas, presents a unique opportunity for restaurant entrepreneurs. Located at 5921 N 23rd Street, 78504, this single-tenant property boasts a 2,462 square foot building situated on a substantial 20,119.92 square foot lot. The property features a fully equipped, second-generation restaurant space, ready for immediate occupancy. Key features include two drive-thru windows, a comprehensive kitchen setup with fryers, a flat top, grill, burners, freezer, coolers, an ice machine, and a walk-in cooler – all in excellent condition. A 15-beer tap system is also included, adding to the property's operational versatility. Ample parking is available with 40 spaces provided for patrons and staff. The property's prime location ensures high visibility and significant foot traffic, creating an ideal environment for a thriving restaurant business. The property's APN is J070000000000A00. This turnkey operation offers a significant advantage for those seeking a quick start to their business ventures, eliminating the need for extensive renovations or equipment purchases. The combination of a well-equipped space, prime location, and ample parking makes this a truly exceptional opportunity.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1990
Total area 2,462 SF
Lot 0.46 ac (20,120 SF)
Zoning code MCB
APN J0700-00-000-000A-00
UPID US82-1529044
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
  • Malandra - Picadera Bar Bar & Pub
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
Rmf Real Estate Holdings INC · 16 yrs held
Rmf Real Estate Holdings INC
since 2009
2 recorded transactions
2009
Price N/A
1969
Price N/A
Zoning & alternative use
MCB · Mcallen, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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