For Sale
$588,000

101 Savannah Ave McAllen, TX 78503

Prime Medical Office Building, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional value-add investment opportunity presents three vacant medical office suites totaling 7,236 square feet, situated at 101 E Savannah Ave, McAllen, TX 78503. The property, classified as Class B, features 6,163 net rentable square feet, priced at $81.26 per square foot, with an asking price of $588,000. Built in 1986, the three-story building comprises three individual units, offering a versatile space ideal for various medical practices. Located in Hidalgo County, this property benefits from its strategic position across the street from the 320-bed Rio Grande Regional Hospital, a well-established healthcare facility with over 40 years of service and part of the HCA network. The surrounding area boasts a thriving medical complex, including numerous clinics and hospitals, ensuring high visibility and accessibility for potential tenants. The property is currently vacant, presenting a unique chance for an investor to renovate and lease to medical professionals, capitalizing on the strong demand in McAllen's healthcare market. The "as is" condition allows for customization to meet specific tenant needs and maximize return on investment. This property offers a compelling opportunity to acquire a well-located medical office building with significant upside potential.

Highlights

  • High-value medical office building with significant upside potential.
  • Excellent medical office location near hospitals, clinics, hotels, retail, and the airport.
  • Property sold "as is," condition details available in the Offering Memorandum.

Property Details for 101 Savannah Ave

Property type
Office properties, Medical offices
Square Feet
7,236 SF
Class
B
Year Built
1986
Buildings
3
Stories
3
Units
3

Location Insight

City
McAllen
County
Hidalgo
State
Texas
Latitude
26.185311794942
Longitude
-98.221211656847

FAQs

What type of property is this?
Office property - Prime Medical Office Building, Value-Add Opportunity
Where is the office property located?
The property is located at 101 Savannah Ave McAllen, TX.
What is the asking price?
The asking price for this property is $588,000.
What are key features of this property?
This property features: High-value medical office building with significant upside potential.; Excellent medical office location near hospitals, clinics, hotels, retail, and the airport.; Property sold "as is," condition details available in the Offering Memorandum.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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101 Savannah Ave
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