111 23Rd StMcAllen, TX 78501

For Sale
$2,000,000

Prime McAllen investment opportunity: 7-unit complex.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional commercial property, located at 111 N 23rd Street in McAllen, Texas, presents a lucrative investment opportunity. The 12,300 square foot complex, built in 2017, sits on a substantial 36,234.079 square foot lot. The property is comprised of seven individual units, currently 100% occupied, offering immediate cash flow. Four units, each approximately 1,200 square feet, face North 23rd Street, while three larger units, each approximately 2,500 square feet, face Beech Avenue. Each unit is a "white box" open warehouse space with one bathroom and a separate electric meter, providing flexibility for various tenants. The property's strategic location at the southwest corner of Beech Street and North 23rd Street in McAllen, TX (zip code 78501) ensures high visibility and accessibility. The asking price for this exceptional commercial center is $2,000,000. This property is classified as Retail, Office, Industrial, and Land, encompassing Commercial, Executive Office, and Warehouse subtypes. The property's strong occupancy rate and versatile unit configurations make it an ideal investment for discerning buyers seeking a high-return asset in a thriving Texas market.

Highlights

  • 12,300 SF commercial complex on a 36,234 SF lot in McAllen, TX.
  • Seven individual units, 100% occupied, generating immediate cash flow.
  • Four 1,200 SF units and three 2,500 SF units, all "white box" warehouse spaces with private baths and meters.
  • High-visibility corner location at N 23rd & Beech Streets (78501).
  • $2,000,000 asking price.

Property Details for 111 23Rd St

Property type
Other warehouses, Other retail properties
Square Feet
12,300 SF
Year Built
2017

Location Insight

City
McAllen
County
Hidalgo
State
Texas
Latitude
26.2070672
Longitude
-98.2455481
111 23Rd St, McAllen, Texas

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111 23Rd St
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