4009 23Rd StMcAllen, TX 78504

Property Details for 4009 23Rd St

Year built

1996

Lot size

0.62 AC

Property size (Sq ft)

5,005 SF

Zone code

C

Property type

Strip malls

Property subtype

Neighborhood centers

APN

N3030-00-000-003A-00

APU

N303000000003A00

Description

This exceptional commercial property at 4009 N 23rd Street N in McAllen, Texas, presents a unique investment opportunity. The 26,823.81 square foot lot is zoned for retail use and features a single-tenant building of 2,126 square feet. The property boasts 30 parking spaces, providing ample convenience for customers. Its prime location offers excellent visibility and accessibility, anchored by the impressive 123,000 square foot McAllen Public Library – the largest single-story library in the United States – and a new, fully bilingual Spectrum call center. This strategic positioning ensures high foot traffic and strong brand recognition. Within a half-mile radius, the property benefits from the proximity of numerous national retailers, including Wendy's, Chick-fil-A, Blue Wave Carwash, Chase Bank, Whataburger, Dairy Queen, Subway, BBVA Compass, and Walmart. Further enhancing its appeal, the property has received city approval for a drive-thru, adding significant value and operational flexibility for potential tenants. The property's APN is N303000000003A00. This is an ideal opportunity for investors seeking a high-traffic, well-located retail property in a thriving Texas market. The property's size and amenities make it suitable for a variety of retail businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $1,011,050

  6.5%

  $933,277

  7%

  $866,614

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,087,601

  Geo Method

  $2,866,466

• Alternative Use

  Use

  Valuation

  Residential

  $787,254

  Hospitality

  $721,120

  Educational

  $599,964

  Medical

  $620,597

  Retail

  $933,277

Location Insight

City

Mcallen

County

Hidalgo

State

Texas

Latitude

26.2413

Longitude

-98.2398

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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