101 Savannah AveMcAllen, TX 78503

Property Details for 101 Savannah Ave

Year built

1986

Property size (Sq ft)

7,236 SF

Property type

Office properties

Property subtype

Medical offices

Description

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.

Location Insight

City

McAllen

County

Hidalgo

State

Texas

Latitude

26.1853

Longitude

-98.2212

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