For Sale
$5,000,000

300 Main St McAllen, TX 78501

Historic building, secured income, prime location

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional commercial property, located at 300 S Main Street in McAllen, Texas, presents a compelling investment opportunity. The three-story building, constructed in 1949, boasts a substantial 50,000+ square feet of space on a 0.4-acre lot. Its prime downtown location offers unparalleled visibility and accessibility, situated just minutes from McAllen City Hall. Currently generating rental income with a secured lease for the next three years, this property offers immediate cash flow and significant long-term potential. The historic character of the building provides a unique opportunity to either preserve its charm while maximizing revenue or to undertake a complete renovation to suit a variety of commercial uses. The asking price is $5,000,000, and seller financing may be available. This is a rare chance to acquire a landmark property in a thriving Texas city, offering both immediate return and substantial future growth potential. The property's zip code is 78501, and it is situated in Hidalgo County. This is a truly unique opportunity to own a piece of McAllen's history and shape its future.

Highlights

  • Prime downtown McAllen location at 300 S Main Street, offering exceptional visibility and accessibility.
  • Three-story, 50,000+ square foot building on a 0.4-acre lot, built in 1949.
  • Currently generating rental income with a three-year lease, providing immediate cash flow.
  • $5,000,000 asking price with potential seller financing.
  • Located in Hidalgo County, TX, zip code 78501.

Property Details for 300 Main St

Property type
Retail properties, Land
Year Built
1949
Lot Size (sq. ft)
17,424 SF

Location Insight

City
McAllen
County
Hidalgo
State
Texas
Latitude
26.201244
Longitude
-98.235248

FAQs

What type of property is this?
Retail property - Historic building, secured income, prime location
Where is the retail property located?
The property is located at 300 Main St McAllen, TX.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Prime downtown McAllen location at 300 S Main Street, offering exceptional visibility and accessibility.; Three-story, 50,000+ square foot building on a 0.4-acre lot, built in 1949.; Currently generating rental income with a three-year lease, providing immediate cash flow.
How can I contact the broker?
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300 Main St
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