6401 23Rd StMcAllen, TX 78503

Property Details for 6401 23Rd St

Year built

2018

Lot size

2.21 AC

Property size (Sq ft)

20,128 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

T4062-00-000-001A-00

APU

T406200000001A00

Description

This exceptional 20,500 square foot retail plaza presents a compelling investment opportunity in McAllen, Texas. Strategically located on the highly visible southeast corner of 23rd Street and Military Highway, within the Warehouse Kingdom Industrial Park, this property boasts significant traffic flow. The 2.21-acre lot provides ample space for expansion or future development. Currently, the plaza enjoys 32% occupancy, offering immediate passive rental income. This makes it an ideal acquisition for an owner-user seeking both commercial space for their own business and the benefit of additional rental revenue streams. The high visibility and prime location within a thriving industrial park ensure strong potential for attracting tenants and maximizing return on investment. Further details regarding current tenants, lease agreements, and financial performance are available upon request. This is a rare chance to secure a well-positioned commercial property in a rapidly growing area of McAllen. Don't miss this opportunity to capitalize on the strong demand for retail space in this high-traffic location. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $3,131,840

  6.5%

  $2,890,930

  7%

  $2,684,440

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,805,090

  Geo Method

  $4,757,470

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,600,950

  Mixed-Use / Specialty

  $2,895,440

  Hospitality / Lodging

  $2,143,570

  Office

  $2,893,660

  Institutional / Educational

  $3,015,380

  Residential Income

  $3,527,990

  Multifamily

  $4,149,190

  Automotive / Energy

  $2,584,610

  Parking / Income-Based Land

  $877,287

  Restaurant / Food Service

  $1,537,540

  Healthcare / Senior Housing

  $2,954,030

Location Insight

City

Mcallen

County

Hidalgo

State

Texas

Latitude

26.1495

Longitude

-98.2525

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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