516-518 Broadway StMcAllen, TX 78501

For Sale
$600,000
Prime Downtown McAllen Office Building & Land

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional investment opportunity presents two separate office spaces totaling 5,000 square feet situated on a 6,500 square foot lot in the heart of McAllen's central business district (CBD). Located on Broadway Street, this property enjoys a highly visible and convenient location, just over a block north of McAllen City Hall and directly adjacent to several consulates (Mexico, Honduras, El Salvador, and Guatemala). Across the street, you'll find established law offices and other professional businesses, creating a strong sense of community and reinforcing the area's professional character. Built in 1980, the building has recently undergone significant improvements, including a new roof, and is currently undergoing upgrades to its HVAC system and interior spaces. This presents a unique chance to acquire a well-established office building in a thriving downtown area, offering immediate income potential and significant long-term growth prospects. The asking price for this prime McAllen commercial property is $600,000. The property's strategic location, coupled with the ongoing renovations, makes it an attractive investment for both seasoned and emerging commercial real estate investors seeking a foothold in a dynamic Texas market. The combination of office space and land provides flexibility for future development or expansion. Don't miss this opportunity to own a piece of McAllen's vibrant downtown core.

Highlights

  • $600,000 asking price.
  • Land and office property totaling 6,500 square feet.
  • 5,000 square feet of office space in two separate units.
  • 1980 construction.
  • Located at 516-518 Broadway Street, McAllen, TX 78501.
  • Prime downtown McAllen location, near City Hall and multiple consulates.

Property Details for 516-518 Broadway St

Property type
Office properties, Land
Year Built
1980

Location Insight

City
McAllen
County
Hidalgo
State
Texas
Latitude
26.1987289
Longitude
-98.23448
516-518 Broadway St, McAllen, Texas

FAQs

What type of property is this?
Office property - Prime Downtown McAllen Office Building & Land
Where is the office property located?
The property is located at 516-518 Broadway St McAllen, TX.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: $600,000 asking price.; Land and office property totaling 6,500 square feet.; 5,000 square feet of office space in two separate units.
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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516-518 Broadway St
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