About 809 N Ware Road
Turnkey investment opportunity in McAllen, TX with a strong 7.2% cap rate—making this a standout option for investors seeking reliable returns. Priced at $695,000, this 2,790 sq. ft. property offers a powerful mix of active & passive income streams. The established laundromat features 24 commercial washers and 28 dryers (most under warranty), plus coin changers and vending machines, generating $75,000 in annual income. You have the opportunity to generate more income from FOUR on-site rental offices, providing steady supplemental income with room to increase cash flow (currently one leased, three vacant). Well-maintained with approximately 16 parking spaces and low overhead, this property is strategically located off Ware Rd and Pecan in a high-traffic area. Not ready to purchase the real estate? You can also buy the business and lease the space—an opportunity you don’t want to miss. Let’s talk!
Features of 809 N Ware Road
| MLS® # | 498964 |
|---|---|
| Price | $599,000 |
| Square Footage | 2,790 |
| Acres | 0.20 |
| Year Built | 1998 |
| Type | Commercial Sale |
| Sub-Type | Commercial |
| Status | Active |
| Office Square Footage | 168 |
| Retail Square Footage | 250 |
Community Information
| Address | 809 N Ware Road |
|---|---|
| Subdivision | Villa Bonita |
| City | McAllen |
| County | Hidalgo |
| State | TX |
| Zip Code | 78501 |
Amenities
| Features | Restrooms-Private, Restrooms-Public |
|---|---|
| Parking Spaces | 18 |
| Parking | Blacktop |
Interior
| Interior Features | Storage |
|---|---|
| Appliances | Water Heater (Other Location) |
| Heating | Central |
| Cooling | Central Air |
Exterior
| Lot Description | Office Complex |
|---|---|
| Roof | Flat |
| Construction | Brick |
Additional Information
| Zoning | CO |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| Present Use | Other |
| Site Features | Restrooms-Private, Restrooms-Public |
| Zoning | CO |
| Presently Leased | No |
| Annual Tax | $7,339 |
| HOA Association | No |
Listing Details
| Agent | Alejandra E. Cobos |
|---|---|
| Office | Cobos Real Estate Services LLC |
| Contact Info | 956-802-1982 |