400 Pecan BlvdMcAllen, TX 78501

Property Details for 400 Pecan Blvd

Year built

1986

Lot size

0.33 AC

Property size (Sq ft)

3,731 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

T4300-00-005-0011-00

APU

T430000005001100

Description

This exceptional 14,187.056 square foot commercial lot, located at 400 Pecan Boulevard #B, presents a unique investment opportunity. Zoned C1, this single-tenant property offers significant potential for development. The expansive lot size allows for a variety of commercial uses, catering to businesses seeking a prominent presence in a high-traffic area situated conveniently between 10th and 2nd Street. The property boasts ample parking with six spaces available. While the existing structure on the lot is a 1,600 square foot building featuring an open waiting area, reception area, three individual office spaces, and one public restroom, the land itself is the primary asset. The existing building could be renovated, repurposed, or removed to accommodate a new construction project entirely. Water is included in the lease for the existing building. The property's APN is T430000005001100. This is a rare opportunity to acquire a substantial commercial lot in a desirable location with excellent visibility and accessibility. Don't miss out on this chance to secure a prime piece of commercial real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $753,692

  6.5%

  $695,716

  7%

  $646,022

• Comparable approach

  Method

  Valuation

  Relative Method

  $810,757

  Geo Method

  $2,136,820

• Alternative Use

  Use

  Valuation

  Residential

  $586,862

  Hospitality

  $537,562

  Educational

  $447,246

  Medical

  $462,627

  Retail

  $695,716

Location Insight

City

Mcallen

County

Hidalgo

State

Texas

Latitude

26.2172

Longitude

-98.2212

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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