1618 & 1612 Pecan Blvd Retail Buildings Retail FOR SALE


McAllen, TX - Downtown McAllen
$525,000 USD
512-633-5384
, McAllen, TX for Sale
$525,000 USD
Retail - FOR SALE
1/24
null | 8.92% Cap Rate

1618 & 1612 Pecan Blvd Retail Buildings
McAllen, TX
Downtown McAllen


HIGHLIGHTS

  • 2 Adjacent Retail Building Portfolio
  • High Traffic & Great Commercial Visibility
  • Good Cash Flow w/3 Tenants
  • Renewal Bumps at 7% & 10%

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.

ASK ABOUT THIS PROPERTY

Lyon GegenheimerLyon Real EstateMore Info
512-633-5384

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Lyon GegenheimerLyon Real EstateMore Info
512-633-5384

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