1612 Pecan Blvd - Freestanding FOR SALE


McAllen, TX 78501- Downtown McAllen
$525,000 USD
512-633-5384
1612 Pecan Blvd, McAllen, TX for Sale
$525,000 USD
Freestanding - FOR SALE
1/49
null | 7.74% Cap Rate

1612 Pecan Blvd
McAllen, TX 78501
Downtown McAllen


OVERVIEW

Investment Opportunity with Great Existing Income. Two fully leased Retail Buildings with 3 tenants in-place on 2 legal lots facing Pecan Blvd in the heart of McAllen. Originally 5 Suites that was recently remodeled and converted to 3 Suites, High Traffic Boulevard with excellent Commercial Visibility. Good income, leases include rent increases upon renewal. Parking lots both at the front for clientele and back for employees. Back parking serviced by a public alley. Both buildings have fencing and gates to the back for added security. Tenants include a Speech Therapy Clinic, Nail Salon, and separate Hair Salon. Do Not Disturb the Tenants unless you pay for their services. Personal Service industries are always in demand and well paying stable tenants. Pecan Blvd is also known as FM 495 which leads to Mission, TX to the West and Pharr, TX to the East.

FOR SALE DETAILS

PRICE

$525,000 USD

PRICE/SF

$324 USD /SF

CAP RATE

7.74%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1612 & 1618 Pecan Blvd Complex

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,543 SF

ZONING

CS

APN/PARCEL ID

P5100-00-002-0012-00

ASK ABOUT THIS PROPERTY

Lyon GegenheimerLyon Real EstateMore Info
512-633-5384

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

Lyon GegenheimerLyon Real EstateMore Info
512-633-5384

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