1601 7Th StMcAllen, TX 78501

Property Details for 1601 7Th St

Year built

1985

Lot size

0.19 AC

Property size (Sq ft)

1,918 SF

Zone code

R-1

Property type

Retail space

APN

R1550-00-001-0018-00

APU

R155000001001800

Description

This exceptional 1,918 square foot commercial property, located at 1601 N 7th Street in McAllen, Texas, presents a unique investment opportunity. Situated on a desirable 0.19-acre corner lot at the intersection of Pecan Boulevard and 7th Street, this C3-zoned property boasts unparalleled visibility and accessibility. The building's charming, home-style design creates an inviting atmosphere, perfect for a wide range of businesses. Its central McAllen location ensures high traffic and exposure within a thriving commercial area. Currently undergoing renovations, including refinished flooring, the property is poised for immediate occupancy. The asking price is $400,000, and owner financing is available, making this an attractive proposition for both buyers and potential lessees. The property's versatile nature and prime location make it an ideal investment for entrepreneurs seeking a high-impact presence in the heart of McAllen. Don't miss this chance to secure a thriving business location in a dynamic and growing market. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $298,434

  6.5%

  $275,477

  7%

  $255,801

• Comparable approach

  Method

  Valuation

  Relative Method

  $172,007

  Geo Method

  $453,340

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $533,716

  Mixed-Use / Specialty

  $275,907

  Hospitality / Lodging

  $204,261

  Office

  $275,737

  Institutional / Educational

  $287,336

  Residential Income

  $336,183

  Multifamily

  $395,377

  Automotive / Energy

  $246,288

  Parking / Income-Based Land

  $83,596.80

  Restaurant / Food Service

  $146,513

  Healthcare / Senior Housing

  $281,490

Location Insight

City

Mcallen

County

Hidalgo

State

Texas

Latitude

26.2176

Longitude

-98.2246

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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