407 W Nolana Avenue, Mcallen, TX 78504

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$480,000
Status
ACTIVE
Price Change
▼ $30,000 1778719017
MLS#
500528
Year Built
1979
Living Area
2,100
Lot Size
6,090
Acres
0.14
Subdivision
Nolana Gardens
MLS Area Major
Mcallen

Property Description

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.

Additional Information

Taxes
$4,392
Appliances
Electric Water Heater
Heating
Central
Air Conditioning
Central Air
Stories
1
Parking Features
Blacktop
Garage Spaces
12

How much is your home worth?

...get instant property value now!

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Rogelio Vela with Vela Commercial Real Estate