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

Retail properties

Property subtype

Strip malls

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%

  $4,066,017

  6.5%

  $3,753,246

  7%

  $3,485,157

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,373,872

  Geo Method

  $11,527,716

• Alternative Use

  Use

  Valuation

  Residential

  $3,166,004

  Hospitality

  $2,900,042

  Educational

  $2,412,801

  Medical

  $2,495,781

  Retail

  $3,753,246

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

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].