1700 23Rd StMcAllen, TX 78503

Property Details for 1700 23Rd St

Year built

1988

Lot size

1.05 AC

Property size (Sq ft)

3,192 SF

Zone code

C-3

Property type

Drive through restaurants

APN

W9000-00-000-0001-00

APU

W900000000000100

Description

This exceptional retail property, located at 1700 S 23rd St in McAllen, Texas, offers 22,556 square feet of prime commercial space. Currently, 11,231 square feet is available for lease, presenting a significant opportunity for expansion or a new venture. The property is situated in Hidalgo County, within the vibrant city of McAllen, boasting excellent visibility and accessibility. The building's multiple tenancy structure allows for flexibility and potential for synergistic businesses. The property's classification as retail ensures high foot traffic and exposure to a large consumer base. The available 11,231 square feet provides ample space for a variety of retail uses, from large-format stores to smaller boutiques. The precise layout and configuration of the available space can be discussed and tailored to meet specific business needs. This location in McAllen, TX (zip code 78503) offers a strategic advantage for businesses seeking to tap into the thriving local market. The property's size and location make it an ideal investment for businesses looking to establish a strong presence in this dynamic area of Texas. Interested parties are encouraged to inquire for further details and to schedule a viewing. This is a rare opportunity to secure a substantial retail space in a high-demand location.

• CAP approach

  CAP return

  Valuation

  6%

  $644,810

  6.5%

  $595,209

  7%

  $552,694

• Comparable approach

  Method

  Valuation

  Relative Method

  $693,631

  Geo Method

  $1,828,124

• Alternative Use

  Use

  Valuation

  Residential

  $502,081

  Hospitality

  $459,903

  Educational

  $382,634

  Medical

  $395,794

  Retail

  $595,209

Location Insight

City

Mcallen

County

Hidalgo

State

Texas

Latitude

26.2213

Longitude

-98.2422

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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