700 S MAIN STREET, MCALLEN, TX 78501
Homes for sale in Mcallen.
Homes for sale in 78501.
List Price$350,000
700 S Main Street
McAllen, TX 78501
Listing #502106
2,400
Square Feet
Commercial
Type
About This Property
This excellent downtown property is located only minutes away from South 10th street and is situated directly across from McAllen City Hall. Currently 100% occupied, this income producing commercial building has two units with stable and long-term Tenants. The unit facing Main St. is a restaurant equipped with dining area and kitchen, and the rear space is currently leased to an office tenant. Located in downtown McAllen, this building is a short drive from the Expressway and the upcoming retail and community center. With an excellent location, strong price, and seller financing, this is an excellent opportunity for the investor or end-user.
Property Features
Location Information
County
Hidalgo
Directions
From the intersection of Old 83 and 10th St. travel South turn right on Houston Ave and travel west. Turn right on Main St. Property will be on left at the corner of Main and Galveston across the street from McAllen City Hall.
Subdivision
Mcallen Addition
Interior Features
Heating
Central
Additional Equipment
Roof Sign
Cooling
Central Air
Appliances
Electric Water Heater
Floors
Tile
Exterior Features
Construction
Block, Stucco
Parking Spaces
8
Roof
Flat
Lot Description
Downtown
Possession
Closing and Funding
Lot Size in Acres
0.08
Electric
Separate Electric Meters
Lot Size in Sq. Ft.
3,497
Parking Description
Blacktop
Present Use
Office, Restaurant
Has Garage
Yes
Energy Features
None
Garage Spaces
8
Road Description
Paved Road
Additional Information
Property Type
COM
Units in Complex
2
Property SubType
Commercial
Taxes
3868
Year Built
1982
Tax Year
2024
APN
M195000060000601
Square Feet Source
HidalgoCAD
Status
Active
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Mortgage Calculator
$1,633
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$1,261
Monthly Tax
$291
Monthly Insurance
$81
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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