1300 E Upas Ave - Service FOR SALE


McAllen, TX 78501- Downtown McAllen
$2,210,000 USD
972-755-5223
1300 E Upas Ave, McAllen, TX for Sale
$2,210,000 USD
Service - FOR SALE
1/6
null | Request Cap Rate

1300 E Upas Ave
McAllen, TX 78501
Downtown McAllen


HIGHLIGHTS

  • Vacant Two-Building 26,000-Square-Foot Industrial Property Situated on 2.51 Acres of Land | Move-in Ready for Owner-Use or Lease-Up Opportunity
  • Featuring a Functional Layout with Potential Showroom/Retail/Office Space, 19,000 SF of Climate-Controlled Space Served by Ten HVAC Units
  • Recent 2024 Roof Improvements to Skylight and Seam Repairs | 24% FAR Provides Ample IOS
  • Strategically Located Less than Two Miles from I-69 and I-2 Interchange | 16 Miles North of Pharr-Reynosa International Bridge
  • Priced Well Below Replacement Costs at $85/SF | 9.2% Cap Rate on Conservative $7.80/SF Pro Forma Rent
  • Q2 4.0% Vacancy Rate and $9.90/SF Market Rent Among Comparable 10,000-50,000 SF Industrial Properties in the McAllen Market

OVERVIEW

The property is a vacant two-building 26,000-square-foot industrial asset situated on 2.51 acres of land. It is move-in ready for owner-use or a lease-up opportunity, providing flexibility for potential buyers. The functional layout features office space, which could be used for showroom or retail, making it suitable for various types of businesses. The property has 19,000 square feet of climate-controlled space served by ten HVAC units, ensuring a comfortable working environment. The space also features 16’ and 30’ clear heights, allowing for efficient use of the area. Additionally, the property has two dock-high doors, four drive-in doors, and three-phase heavy power with 400amps at 480Y/277 volts, catering to businesses with specific operational requirements. The recent 2024 roof improvements to skylight and seam repairs ensure the property is well-maintained. Located less than two miles from the Interstate 69 and Interstate 2 interchange, the property is strategically located. This proximity makes it an attractive option for businesses that rely on efficient logistics and transportation. The property is also 16 miles north of the Pharr-Reynosa International Bridge, further enhancing its accessibility. The 24 percent floor area ratio provides ample industrial outdoor storage space and allows for potential expansion or additional development. The property's pricing is competitive, with an offering price well below replacement costs at $85 per square foot. At this price, the property can generate an above-market 9.2 percent cap rate on a conservative pro forma rent of $7.80 per square foot. During Q2 2026, the vacancy rate stood at 4.0 percent, with average market rents at $9.90 per square foot among comparable industrial properties in the McAllen market.

FOR SALE DETAILS

PRICE

$2,210,000 USD

PRICE/SF

$85 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

1300 East Upas Avenue

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

UTILITIES

-

CLEAR CEILING HT

30 Ft

DOCKS

2

DRIVE INS

4

PARKING SPACES

11

LAND DETAILS

LAND ACRES

2.51

LAND SF

109,336

ZONING

I-1 Light Industrial

APN/PARCEL ID

N4700-00-000-0006-00

ASK ABOUT THIS PROPERTY

Adam AbushagurMarcus & MillichapMore Info
972-755-5223

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Adam AbushagurMarcus & MillichapMore Info
972-755-5223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.