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318 & 320 S. Broadway St., McAllen, TX 320 S Broadway St 10,791 SF 100% Leased Retail Building McAllen, TX 78501 $1,450,000 ($134.37/SF)
Investment Highlights
- Investment Opportunity!
- Corner Lot
- Easy access to major roadways
- Good Tenant mix
- Glass store front
Executive Summary
Investment Opportunity! Property fronts on Broadway and features approx. 10,791 sf with good tenant mix and has approx. eight (8) retail spaces. Located Downtown on the corner of Broadway and Dallas Ave. The east side of the building includes 314, 316, 318 & 320 S. Broadway and the south side of the building includes 1306, 1308, 1310, 1312 & 1314 Dallas Ave. Building is a brick finish with glass store fronts. Easy access to major roadways with nearby retail, banking and restaurants. Property includes two legal descriptions.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$123,600
|
$11.45
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$123,600
|
$11.45
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$25,278
|
$2.34
|
| Net Operating Income |
$98,322
|
$9.11
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $123,600 |
| Annual Per SF | $11.45 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $123,600 |
| Annual Per SF | $11.45 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $25,278 |
| Annual Per SF | $2.34 |
| Net Operating Income | |
|---|---|
| Annual | $98,322 |
| Annual Per SF | $9.11 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
10,791 SF
Building Class
C
Year Built
1966
Price
$1,450,000
Price Per SF
$134.37
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.83
Lot Size
0.30 AC
Zoning
C - Commercial
Very walkable
80/100
Very drivable
80/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $310,622 (2025) | |
| Land Assessment | $234,650 (2025) | Total Assessment | $545,272 (2025) |
Property Taxes
Parcel Numbers
Land Assessment
$234,650 (2025)
Improvements Assessment
$310,622 (2025)
Total Assessment
$545,272 (2025)
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318 & 320 S. Broadway St., McAllen, TX | 320 S Broadway St