400 Nolana AveMcAllen, TX 78501

Property Details for 400 Nolana Ave

Year built

2013

Lot size

1.03 AC

Property size (Sq ft)

3,551 SF

Zone code

CO

Property type

Drive through restaurants

APN

N2930-01-000-0001-00

APU

N293001000000100

Description

This exceptional 8,139-square-foot restaurant space is available for lease in McAllen, Texas. Located at 400 W Nolana Ave, 78501, this single-suite property offers unparalleled visibility and high traffic counts due to its prime location. The building, constructed in 1996, sits on a 9.33-acre lot and features a single story with 200 parking spaces. The space is a turn-key, second-generation restaurant, meaning existing fixtures, furniture, and equipment (FF&E) may be available. The property is zoned C-3 General Business, allowing for a variety of uses. The entire 8,139 square feet is available for lease as a single unit. No elevators are present. The property's APN is N3010-00-000-00A1-00. This vibrant location offers a dynamic atmosphere, particularly active during evening hours. This is an exceptional opportunity for a restaurant operator seeking a high-visibility location with ample parking and significant square footage. The property's size and location make it ideal for a large-scale restaurant operation.

• CAP approach

  CAP return

  Valuation

  6%

  $717,330

  6.5%

  $662,151

  7%

  $614,855

• Comparable approach

  Method

  Valuation

  Relative Method

  $771,642

  Geo Method

  $2,033,730

• Alternative Use

  Use

  Valuation

  Residential

  $558,549

  Hospitality

  $511,628

  Educational

  $425,669

  Medical

  $440,308

  Retail

  $662,151

Location Insight

City

Mcallen

County

Hidalgo

State

Texas

Latitude

26.2371

Longitude

-98.2102

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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