REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Phillip Veale

phillipveale@gmail.com +1(956) 897-0070

Listed by Cobos Real Estate Services LLC

$ 665,000

Save

Active

809 N Ware RD Mcallen, TX 78501

2,790 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 2,790 sqft

Subdivision Villa Bonita

MLS Listing ID 498964

HOA Y/N No

Year Built 1998

Annual Tax Amount $7,339

Tax Year 2025

Lot Size 8,664 Sqft

Acres 0.1989

Property Sub-Type Commercial

Source Greater McAllen

Property Description

Turnkey investment opportunity in McAllen, TX with a strong 7.2% cap rate—making this a standout option for investors seeking reliable returns. Priced at $695,000, this 2,790 sq. ft. property offers a powerful mix of active & passive income streams. The established laundromat features 24 commercial washers and 28 dryers (most under warranty), plus coin changers and vending machines, generating $75,000 in annual income. You have the opportunity to generate more income from FOUR on-site rental offices, providing steady supplemental income with room to increase cash flow (currently one leased, three vacant). Well-maintained with approximately 16 parking spaces and low overhead, this property is strategically located off Ware Rd and Pecan in a high-traffic area. Not ready to purchase the real estate? You can also buy the business and lease the space—an opportunity you don't want to miss. Let's talk!

Location

State TX

County Hidalgo

Zoning CO

Interior

Interior Features Storage

Heating Central

Cooling Central Air

Flooring Painted/Stained

Appliance Water Heater (Other Location)

Exterior

Garage Spaces 16.0

Carport Spaces 2

View Y/N No

Roof Type Flat

Total Parking Spaces 18

Garage Yes

Building

Lot Description Office Complex

Faces https://maps.app.goo.gl/yVfUUfEMKCh9K4Fi9

Story 1

Structure Type Brick

New Construction No

Others

Tax ID V347001000000700

Security Features Fire Sprinkler System,Security System

Phillip Veale

809 N Ware RD Mcallen, TX 78501

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

Go tour this home

809 N Ware RD