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601 E Nolana Loop
McAllen, TX 78501
20,070 SF Multi-Tenant Office Center For Sale · Office Property For Sale

Investment Highlights

  • Tenants in place with options for lease rate increases and potential expansion area
  • Good option for User-Investor to buy and use up to 6,570 SF of existing vacant space.
  • Good option for Childcare Center, Adult Day Care Center, or other medical related center. Large side yard and covered porch area included at Suite D.
  • Located at same intersection as Walgreen's, Starbucks, Stripes C-Store, and Wal-Mart Neighborhood Center
  • Room for expansion of building and parking to allow for added rental revenue.

Property Facts

Property Type
Office
Property Subtype
Medical
Building Size
19,950 SF
Building Class
C
Year Built
1999
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
19,950 SF
Building FAR
0.17
Lot Size
2.72 AC
Zoning
CO
Parking
147 Spaces (7.37 Spaces per 1,000 SF Leased)

About 601 E NOLANA LOOP , MCALLEN, TX 78501

601 E. Nolana is located in McAllen, TX off the northwest corner of McColl Road and Nolana Loop. This multi-tenant office strip center measures approximately 20,070 SF on 2.71 acres, and is currently leased to two tenants (Suite A-B is 4,500 SF and Suite C in 9,000 SF; Suite D's 6,570 SF is currently vacant). The property does allow for room to be expanded for future tenants/users on the east side of Suite D, and will allow for good frontage on McColl Road. Included in this sales price and description is an adjoining 0.44 acre lot (Lot 2) that would allow for additional building expansion (separate building) or additional parking area. The sellers would prefer to sell these two properties together, but will consider selling them separately. Developing out the vacant pad site, and the remaining strip center raw land on the east side of the existing strip center could make this a real money maker for an investor that is also comfortable with construction and development. This property could be a good fit for an end user as well in the existing vacant lease space (6,570 SF...all or part), or by building out the rest of the center and occupying the additional lease space. Please contact our office to learn more about the lease economics for the center and existing tenants.

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • N2900-00-000-0003-00
  • N2900-00-000-0002-00
Land Assessment
$945,028
Improvements Assessment
$1,301,421
Total Assessment
$2,246,449
  • Listing ID: 10134632

  • Date on Market: 11/21/2017

  • Last Updated:

  • Address: 601 E Nolana Loop, McAllen, TX 78501

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