Blake J. Box |
Listing details are not guaranteed and should be independently verified. Equal Housing Opportunity |
$1,550,000
20070
2.71 acre
1.0
1993
Sold
•Commercial •Office •InvestmentOffice Strip Center in McAllen @ McColl & Nolana p>
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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 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.
Survey Link: /mydocs/Survey-Nolana-Heights-Shopping-Center-8-23-17.pdf
Survey of Office Center with Options for Expansion Link: /mydocs/Survey-of-Nolana-Heights-showing-additional-7,500-SF-or-Lot-4-1-2-18.pdf