300 Main StMcAllen, TX 78501

Property Details for 300 Main St

Year built

1975

Lot size

0.40 AC

Property size (Sq ft)

22,410 SF

Property type

Retail space

APN

M1950-00-028-0008-00

APU

M195000028000800

Description

The M. & J. Nelson Building, a three-story, 50,000 square foot mixed-use property located at 300 S Main St, McAllen, TX 78501, presents a unique investment opportunity. This Core+ investment, currently 50% occupied, offers 50,000 square feet of net rentable space, priced at $116 per square foot for a total asking price of $5,800,000. Situated on a 0.4-acre lot in the heart of downtown McAllen, this historically significant building, originally constructed in 1949, boasts a prime location near McAllen City Hall, ensuring high visibility and accessibility. The flexible floor plans allow for diverse tenant needs and customization. The building's commercial zoning permits a variety of uses, including retail, office, special purpose, and hotel spaces. The existing rental income provides a stable foundation for future growth, with significant potential for increased revenue through strategic redevelopment of the third floor. This property offers a blend of historical charm and modern adaptability, making it an exceptional investment opportunity in a thriving downtown area. The building's rich history and prime location create a compelling opportunity for a savvy investor to capitalize on the revitalization of downtown McAllen.

Location Insight

City

Mcallen

County

Hidalgo

State

Texas

Latitude

26.2012

Longitude

-98.2352

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].