4037 Expressway 83McAllen, TX 78503

For Sale
$350,000

Prime McAllen storefront, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
92
This 1,825 square foot storefront, located at 83 Citrus Grove Suite 130, McAllen, Texas 78503, presents a compelling investment opportunity. Built in 2012 and renovated the same year, this Class B mixed-use property boasts a contemporary design and an open floor plan, ideal for a variety of retail uses. Situated within a thriving shopping plaza in Hidalgo County, the property benefits from ample parking and a diverse mix of established businesses and local enterprises, ensuring a strong customer base. The 90% occupancy rate reflects the desirability of this location. The property sits on a 0.11-acre lot and is zoned CO, offering flexibility for various retail applications. With a 6.00% cap rate and an asking price of $350,000, this storefront represents a strong potential for steady rental income and a significant return on investment. Large storefront windows provide abundant natural light, creating an inviting atmosphere for customers. This is an exceptional opportunity for entrepreneurs seeking to establish or expand their brand, or for investors looking to diversify their portfolio. The property features 1,825 square feet of net rentable space. LSADAG Corporation is the current owner.

Highlights

  • 1,825 SF retail storefront in McAllen, TX, ideal for investment.
  • 2012 construction with modern design; Class B mixed-use property.
  • Prime McAllen location in thriving shopping plaza; ample parking.
  • CO zoning allows for flexible retail uses.
  • Strong rental income potential and ROI; 6.00% cap rate, $350,000 asking price.
  • 90% occupancy rate reflects desirable location and diverse business mix.

Property Details for 4037 Expressway 83

Property type
Other retail properties, Individual retail properties
Square Feet
1,825 SF
Class
B
Year Built/Renovated
2012/2012
Buildings
1
Stories
1
Lot Size (sq. ft)
4,792 SF

Location Insight

City
McAllen
County
Hidalgo
State
Texas
Latitude
26.193174056249
Longitude
-98.267502360316
4037 Expressway 83, McAllen, Texas

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4037 Expressway 83
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