809 N WARE ROAD, MCALLEN, TX 78501
Homes for sale in Mcallen.
Homes for sale in 78501.
809 N Ware Road
McAllen, TX 78501
List Price$695,000
Listing #498964
2,790
Square Feet
Commercial
Type
About This Property
Turnkey investment opportunity in McAllen, TX with a strong 7.2% cap rate--making this a standout option for investors seeking reliable returns. Priced at $695,000, this 2,790 sq. ft. property offers a powerful mix of active & passive income streams. The established laundromat features 24 commercial washers and 28 dryers (most under warranty), plus coin changers and vending machines, generating $75,000 in annual income. You have the opportunity to generate more income from FOUR on-site rental offices, providing steady supplemental income with room to increase cash flow (currently one leased, three vacant). Well-maintained with approximately 16 parking spaces and low overhead, this property is strategically located off Ware Rd and Pecan in a high-traffic area. Not ready to purchase the real estate? You can also buy the business and lease the space--an opportunity you don't want to miss. Let's talk!
Property Features
Location Information
County
Hidalgo
Directions
https://maps.app.goo.gl/yVfUUfEMKCh9K4Fi9
Subdivision
Villa Bonita
Interior Features
Interior
Storage
Floors
Painted/Stained
Heating
Central
Appliances
Water Heater (Other Location)
Cooling
Central Air
Exterior Features
Construction
Brick
Lot Description
Office Complex
Roof
Flat
Lot Size in Acres
0.199
Possession
Closing and Funding
Lot Size in Sq. Ft.
8,664
Security Features
Fire Sprinkler System, Security System
Present Use
Other
Parking Description
Blacktop
Zoning
CO
Has Garage
Yes
Energy Features
None
Garage Spaces
16
Road Description
Paved Road
Parking Spaces
18
Road Frontage
City Street
Patio / Deck Description
Covered Patio
Additional Information
Property Type
COM
Units in Complex
1
Property SubType
Commercial
Taxes
7339
Year Built
1998
Tax Year
2025
APN
V347001000000700
Square Feet Source
HidalgoCAD
Status
Active
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Mortgage Calculator
$3,245
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$2,504
Monthly Tax
$579
Monthly Insurance
$162
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.
Schools
Walk Score
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