813 Ware RdMcAllen, TX 78501

Property Details for 813 Ware Rd

Year built

2000

Lot size

0.20 AC

Property size (Sq ft)

2,545 SF

Zone code

CO

Property type

Strip malls

Property subtype

Neighborhood centers

APN

V3470-01-000-0006-00

APU

V347001000000600

Description

This exceptional single-tenant commercial property, located at 813 N Ware Road #2, offers 1,000 square feet of versatile office space situated on an 8,668 square foot lot. The building is zoned C and features a convenient reception area, restroom facilities, and a spacious open area, ideal for a variety of business uses. Previously utilized as a tattoo studio, this adaptable space presents significant potential for diverse commercial ventures. The property includes ample parking with 10 spaces available for employees and clients. Its strategic location on Ware Road provides easy access to major transportation routes, being only one mile from Expressway 83, and enjoys a desirable location south of Pecan. The property's single-tenant occupancy simplifies management and offers a streamlined operational structure. The property's APN is V347001000000600. This is a rare opportunity to acquire a well-located, functional commercial property with significant upside potential. The property's size and amenities make it an attractive option for businesses seeking a convenient and accessible location. The ample parking further enhances its appeal. This property is ready for immediate occupancy and presents a compelling investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $514,110

  6.5%

  $474,563

  7%

  $440,666

• Comparable approach

  Method

  Valuation

  Relative Method

  $553,036

  Geo Method

  $1,457,573

• Alternative Use

  Use

  Valuation

  Residential

  $400,312

  Hospitality

  $366,684

  Educational

  $305,076

  Medical

  $315,568

  Retail

  $474,563

Location Insight

City

Mcallen

County

Hidalgo

State

Texas

Latitude

26.2154

Longitude

-98.2609

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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