516-518 S Broadway St - Office FOR SALE


McAllen, TX 78501- Downtown McAllen
$700,000 USD
956-655-1890
516-518 S Broadway St, McAllen, TX for Sale
$700,000 USD
Office - FOR SALE
1/16
null | Request Cap Rate

516-518 S Broadway St
McAllen, TX 78501
Downtown McAllen


HIGHLIGHTS

  • Located in the Busy Downtown Area
  • Proximity to I-69 & Business Hwy. 83

OVERVIEW

The property consists of two unoccupied office spaces totaling 5,000 sf on 7,000 sf of land. This was a downtown office location that is just over a block north of McAllen City Hall and just north of the Mexican Consulate, and one-half block north of the Honduras, El Salvador, and Guatemala Consulates. Across the street is a law office and other professional offices. This is a well-established location in the McAllen CBD. The building has a new roof. Suite 516 is currently a shell space and could be converted to storage or back to office or retail. Suite 518 was retail/office in the front and storage in the back. The new conceptual layout presents an idea for a multi-tenant renovation catering to the marketplace. Although there is some parking in the rear of the building there are 32 parking spaces in the City Parking Lot B. The staff can apply for a free Downtown Service Parking Decal to eliminate paying the meter. We have attached the procedures to the flyer/brochure.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$140 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,181 SF

ZONING

C-3

APN/PARCEL ID

M1950-00-045-0002-00

ASK ABOUT THIS PROPERTY

Roger StolleyNAI Rio Grande ValleyMore Info
956-655-1890

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Roger StolleyNAI Rio Grande ValleyMore Info
956-655-1890

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