$480,000

407 W Nolana Avenue, Mcallen, TX 78504

  • 2,100 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1979
  • Property Lot Size Icon6,090sqft lot
  • Property Parking Icon 12 car garage
  • Property Price Per Square Feet Icon $229/sqft
  • Property List Date Icon Listed 1 month ago

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.

Listing Status:
Active
Data Last Updated:
May 21, 2026 at 5:08AM
Listing Office:
Vela Commercial Real Estate : 956-339-3836
Listing Agent:
Rogelio Vela : 956-270-2432
MLS ID:
500528
  • Appliances: Electric Water Heater
  • Flooring: Tile
  • A/C: Central Air
  • Heating: Central
  • Eco/Green Feature: Thermostat
  • Parking: BlacktopParking spaces: 12
  • Roofing: Flat
  • General: Stucco1
  • Road/Access: City Street
  • Originating MLS: Greater McAllen
  • County: Hidalgo
  • Zoning: N280000000005600
  • Current Use: Office
  • Source: Greater McAllen

This listing courtesy of Rogelio Vela , Vela Commercial Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

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