500 E Hackberry Ave - Freestanding FOR SALE


McAllen, TX 78501- Downtown McAllen
$6,100,000 USD
956-631-1322
500 E Hackberry Ave, McAllen, TX for Sale
$6,100,000 USD
Freestanding - FOR SALE
1/21
null | 7.16% Cap Rate

500 E Hackberry Ave
McAllen, TX 78501
Downtown McAllen


HIGHLIGHTS

  • Value Add Opportunity
  • Income Producing
  • 100% Leased
  • City Access & High Visibility
  • Centrally Located in McAllen
  • Less than 1 mile from Major Retail Shopping Centers

OVERVIEW

Hackberry Business Park: A Strategic Investment Opportunity in McAllen, Texas Hackberry Business Park is a unique, income-producing property positioned minutes from McAllen's major retail centers. It provides a prime opportunity for investors or developers aiming to enhance the value of an asset while also having the option to construct additional commercial and industrial buildings. This is a one-of-a-kind, fully leased property that offers immediate cash flow. Located with high visibility and moderate traffic, the business park is surrounded by established subdivisions, the V.A. Office, and McAllen Memorial High School. The location is centrally positioned in McAllen, less than a mile from major retail shopping centers. Plus, there is plenty of parking, with space for over 250 vehicles. This is a remarkable chance to secure a value-add property with both city access and a premier location.

FOR SALE DETAILS

PRICE

$6,100,000 USD

PRICE/SF

$244 USD /SF

CAP RATE

7.16%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Loft/Creative Space, Medical, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

298

LAND DETAILS

LAND ACRES

5.51 AC

LAND SF

240,016 SF

ZONING

Commercial

APN/PARCEL ID

M0085-00-000-0001-00

ASK ABOUT THIS PROPERTY

Robert MaciasColdwell Banker Commercial Rio Grande ValleyMore Info
956-631-1322

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Robert MaciasColdwell Banker Commercial Rio Grande ValleyMore Info
956-631-1322

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