$450,000
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725 N Ware RD Mcallen, TX 78501
3,000 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 3,000 sqft
Subdivision Villa Bonita #1
MLS Listing ID 411479
Sold Date 01/25/24
HOA Y/N No
Originating Board Greater McAllen
Year Built 2013
Annual Tax Amount $6,498
Tax Year 2019
Lot Size 8,620 Sqft
Acres 0.1979
Property Description
Investment Opportunity: 725 N. Ware Rd offers an appealing investment opportunity in McAllen's bustling commercial real estate market. With a blend of modern amenities and an attractive leasing price, it's no wonder there's a waiting list of tenants eager to move in. Whether you're a seasoned investor or looking to diversify your portfolio, this property stands as a solid choice in today's market.
12 Individual Offices: Designed to suit professionals and emerging businesses.
Common Gathering Area: A comfortable space for clients and collaboration.
Ceramic Tile Throughout: Providing a clean and modern look.
Wi-Fi Included: A valuable addition for tenants, enhancing connectivity.
Lease Price: At $450 monthly, this space offers an affordable solution for local businesses.
Consistent Occupancy: A waiting list ensures that the property stays occupied.
Strong Investment: An 8.87% CAP Rate positions this as a robust investment in the current market.
Location
State TX
County Hidalgo
Interior
Heating Central, Electric
Cooling Central Air, Electric
Flooring Carpet, Other, Tile
Appliance Water Heater (None)
Exterior
Garage Spaces 20.0
Waterfront No
View Y/N No
Roof Type Flat
Total Parking Spaces 20
Garage Yes
Building
Lot Description Office Complex, Strip Mall
Faces From business 83, N on Ware rd, left on Gumwood, take an immediate right into strip mall, close to the far end. From North ware Make a right on Gumwood take another right and the strip mall is located there.
Story 1
Water Separate Water Meters
Structure Type Stucco
New Construction No
Others
Tax ID V347001000001200
Security Features Security System
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