407 W NOLANA AVENUE, MCALLEN, TX 78504
Homes for sale in Mcallen.
Homes for sale in 78504.
407 W Nolana Avenue
McAllen, TX 78504
List Price$510,000
Listing #500528
2,100
Square Feet
Commercial
Type
About This Property
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.
Property Features
Location Information
County
Hidalgo
Directions
Corner of Nolana and 2nd St
Subdivision
Nolana Gardens
Interior Features
Heating
Central
Additional Equipment
Roof Sign
Cooling
Central Air
Appliances
Electric Water Heater
Floors
Tile
Exterior Features
Construction
Stucco
Parking Spaces
12
Roof
Flat
Lot Description
Strip Mall
Possession
Closing and Funding
Lot Size in Acres
0.14
Security Features
Security Lights
Lot Size in Sq. Ft.
6,090
Parking Description
Blacktop
Present Use
Office
Has Garage
Yes
Energy Features
Thermostat
Garage Spaces
12
Road Frontage
City Street
Additional Information
Property Type
COM
Units in Complex
1
Property SubType
Commercial
Taxes
4392
Year Built
1979
Tax Year
2025
APN
N280000000005600
Square Feet Source
HidalgoCAD
Status
Active
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Mortgage Calculator
$2,381
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$1,837
Monthly Tax
$425
Monthly Insurance
$119
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
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