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401 S Main St
McAllen, TX 78501

Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront
Building Size
18,000 SF
Building Class
C
Year Built
1977
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.72
Lot Size
0.24 AC
Zoning
NONE
Parking
10 Spaces (0.56 Spaces per 1,000 SF Leased)
Frontage
183 ft on Dallas Ave

Amenities

  • Bus Line
  • Signalized Intersection

About 401 S Main St , McAllen, TX 78501

Marcus & Millichap has been exclusively retained to market the retail property located at 401 S Main St McAllen, Texas. This property is well located in the Downtown McAllen and it is easily accessible from two major thoroughfares that run perpendicular to Main Street which are U.S Business 83 and Interstate 2. The immediate area in which the property is well known not only by the McAllen population, but by foreign nationals and shoppers that visit the area from other parts of the Rio Grande Valley. The area is a vibrant hub of privately owned boutiques that primarily sell wholesale merchandise. This building is a single-tenant retail building with approximately 18,000 square feet of rentable space. It is leased on a long-term basis to Glitter Fashion who is a local retailer with more than a decade of success in the immediate market. Glitter Fashion originally leased a smaller portion of this building and as their business expanded their physical footprint also expanded to the entire building. This retail building is a stabilized investment opportunity for investors looking to acquire a high performing asset in an established retail area with longstanding and successful tenant.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
M1950-00-036-0007-00
Land Assessment
$173,168
Improvements Assessment
$732,031
Total Assessment
$905,199
  • Listing ID: 12835622

  • Date on Market: 2018-06-12

  • Last Updated:

  • Address: 401 S Main St, McAllen, TX 78501

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