Description
601 E. Nolana is a 20,070 SF multi-tenant office strip center in McAllen at the NW corner of McColl and Nolana (not hard corner). Currently leased to two tenants (Suite A & B in 4,500 SF & Suite C & D in 15,570 SF), the property does allow for room to expand for future tenants with frontage on McColl Road. Current gross rents of $12,950 per month, with room for lease rates to be increased. Not included in this sales price and description is an adjoining 0.44 acre pad site that is also for sale for $249,000. Sellers would consider selling these two properties together or separately, Developing out the vacant pad site, & the remaining strip center raw land on the east side of the existing building could make this a real money maker for an investor that is also comfortable w/ construction
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0BEDS
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2.2ACRES
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0BATHS
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01/2 BATHS
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20,070SQFT
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$88$/SQFT
School Ratings & Info
Description
601 E. Nolana is a 20,070 SF multi-tenant office strip center in McAllen at the NW corner of McColl and Nolana (not hard corner). Currently leased to two tenants (Suite A & B in 4,500 SF & Suite C & D in 15,570 SF), the property does allow for room to expand for future tenants with frontage on McColl Road. Current gross rents of $12,950 per month, with room for lease rates to be increased. Not included in this sales price and description is an adjoining 0.44 acre pad site that is also for sale for $249,000. Sellers would consider selling these two properties together or separately, Developing out the vacant pad site, & the remaining strip center raw land on the east side of the existing building could make this a real money maker for an investor that is also comfortable w/ construction
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Jinks Realty. Data last updated: 2018-11-14T00:16:43.713.