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Listed by Vela Commercial Real Estate
$ 480,000
Active
407 W Nolana AVE Mcallen, TX 78504
2,100 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,100 sqft
Subdivision Nolana Gardens
MLS Listing ID 500528
HOA Y/N No
Year Built 1979
Annual Tax Amount $4,392
Tax Year 2025
Lot Size 6,090 Sqft
Acres 0.1398
Property Sub-Type Commercial
Source Greater McAllen
Property Description
This commercial offers a unique opportunity for investors looking to secure a property with consistent demand. The affordable price point and attractive amenities make it a sought-after location for professionals and small businesses alike. With a strong CAP Rate and a history of high occupancy, this property represents a very safe and solid investment in the current market environment. Currently selling at a CAP Rate: 8.5% this 12 Individual Offices is Perfect for professionals and small businesses. The common area is a welcoming space for clients and visitors has ceramic tile flooring that adds a touch of elegance throughout the property. Wi-Fi is provided keeping tenants connected without extra costs. Affordable leasing at just $400 monthly it's an attractive option for potential tenants. Strong high occupancy Rate making it a safe investment with a waiting list of tenants. This is a solid investment with a 8.5% CAP Rate, and a IRR of 20% it's a strong choice in today's market.
Location
State TX
County Hidalgo
Interior
Heating Central
Cooling Central Air
Flooring Tile
Equipment Roof Sign
Appliance Electric Water Heater
Exterior
Garage Spaces 12.0
View Y/N No
Roof Type Flat
Total Parking Spaces 12
Garage Yes
Building
Lot Description Strip Mall
Faces Corner of Nolana and 2nd St
Story 1
Structure Type Stucco
New Construction No
Others
Tax ID N280000000005600
Security Features Security Lights