2246 Nolana AveMcAllen, TX 78504

Property Details for 2246 Nolana Ave

Year built

1984

Lot size

4.52 AC

Property size (Sq ft)

29,823 SF

Zone code

CG

Property type

Strip malls

Property subtype

Neighborhood centers

APN

N3040-00-000-0001-00

APU

N304000000000100

Description

This exceptional 4.519-acre property at 2246 W Nolana Avenue in McAllen, Texas, presents a prime retail or corporate office opportunity. The site boasts a substantial 24,000 square foot single-tenant building, previously occupied as a grocery store, offering significant potential for redevelopment or continued use. Its strategic location on the northeast corner of Nolana Avenue and 23rd Street ensures high visibility and accessibility, benefiting from substantial traffic flow. The ample 200-space parking lot provides convenient customer and employee parking. The property's APN is N304000000000100. This is a single-tenant building on a large lot, ideal for a variety of commercial uses. The existing structure provides a solid foundation for immediate occupancy or a comprehensive renovation project. The property's size and location make it an attractive investment for businesses seeking a prominent presence in a thriving McAllen market. This is a rare opportunity to acquire a well-positioned commercial property with significant upside potential. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $6,024,484

  6.5%

  $5,561,062

  7%

  $5,163,844

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,480,624

  Geo Method

  $17,080,240

• Alternative Use

  Use

  Valuation

  Residential

  $4,690,964

  Hospitality

  $4,296,898

  Educational

  $3,574,969

  Medical

  $3,697,917

  Retail

  $5,561,062

Location Insight

City

Mcallen

County

Hidalgo

State

Texas

Latitude

26.2416

Longitude

-98.2383

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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