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516-518 S Broadway St

5,000 SF 100% Leased Office Building McAllen, TX 78501 $600,000 ($120/SF)

Investment Highlights

  • Located in the Busy Downtown Area
  • Proximity to I-69 & Business Hwy. 83

Executive Summary

The property consists of two unoccupied office spaces totaling 5,000 sf on 7,000 sf of land. This was a downtown office location that is just over a block north of McAllen City Hall and just north of the Mexican Consulate, and one-half block north of the Honduras, El Salvador, and Guatemala Consulates. Across the street is a law office and other professional offices. This is a well-established location in the McAllen CBD. The building has a new roof. Suite 516 is currently a shell space and could be converted to storage or back to office or retail. Suite 518 was retail/office in the front and storage in the back.

Attachments

Updated Flyer

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
5,000 SF
Building Class
C
Year Built
1980
Price
$600,000
Price Per SF
$120
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,000 SF
Building FAR
0.70
Land Acres
0.16 AC
Zoning
C-3 - General Business
Walk Score ®
Very Walkable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
M1950-00-045-0002-00
Land Assessment
$78,325
Improvements Assessment
$147,189
Total Assessment
$225,514
  • Listing ID: 29597230

  • Date on Market: 9/22/2023

  • Last Updated:

  • Address: 516-518 S Broadway St, McAllen, TX 78501

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