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500 E Hackberry Ave 24,982 SF 100% Leased Retail Building McAllen, TX 78501 $6,100,000 ($244.18/SF) 7.16% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Value Add Opportunity
  • 100% Leased
  • Centrally Located in McAllen
  • Income Producing
  • City Access & High Visibility
  • Less than 1 mile from Major Retail Shopping Centers

EXECUTIVE SUMMARY

Hackberry Business Park: A Strategic Investment Opportunity in McAllen, Texas Hackberry Business Park is a unique, income-producing property positioned minutes from McAllen's major retail centers. It provides a prime opportunity for investors or developers aiming to enhance the value of an asset while also having the option to construct additional commercial and industrial buildings. This is a one-of-a-kind, fully leased property that offers immediate cash flow. Located with high visibility and moderate traffic, the business park is surrounded by established subdivisions, the V.A. Office, and McAllen Memorial High School. The location is centrally positioned in McAllen, less than a mile from major retail shopping centers. Plus, there is plenty of parking, with space for over 250 vehicles. This is a remarkable chance to secure a value-add property with both city access and a premier location.

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Freestanding
Building Size
24,982 SF
Building Class
B
Year Built/Renovated
1977/2015
Price
$6,100,000
Price Per SF
$244.18
Cap Rate
7.16%
NOI
$436,599
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
5.51 AC
Zoning
Commercial
Parking
298 Spaces (11.93 Spaces per 1,000 SF Leased)
Frontage
336’ on Hackberry Avenue

AMENITIES

  • Signage
  • Air Conditioning

NEARBY MAJOR RETAILERS

Lucky
Red Robin
Crunch Fitness
Pappadeaux Seafood Kitchen
Starbucks
Gloria Jean's Coffee Shop
Toyota
Fazoli's
Freddy's Frozen Custard & Steakburgers
Bar-B-Cutie Smokehouse

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
M0085-00-000-0001-00
Land Assessment
$719,438
Improvements Assessment
$1,280,562
Total Assessment
$2,000,000
  • Listing ID: 37408310

  • Date on Market: 8/25/2025

  • Last Updated:

  • Address: 500 E Hackberry Ave, McAllen, TX 78501

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