516-518 S Broadway St
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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.
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
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Walk Score ®
Very Walkable (81)
PROPERTY TAXES
Parcel Number | M1950-00-045-0002-00 | Improvements Assessment | $147,189 |
Land Assessment | $78,325 | Total Assessment | $225,514 |
PROPERTY TAXES
Parcel Number
M1950-00-045-0002-00
Land Assessment
$78,325
Improvements Assessment
$147,189
Total Assessment
$225,514
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516-518 S Broadway St
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