About 407 W Nolana Avenue
This commercial offers a unique opportunity for investors looking to secure a property with consistent demand. The affordable price point and attractive amenities make it a sought-after location for professionals and small businesses alike. With a strong CAP Rate and a history of high occupancy, this property represents a very safe and solid investment in the current market environment. Currently selling at a CAP Rate: 8.5% this 12 Individual Offices is Perfect for professionals and small businesses. The common area is a welcoming space for clients and visitors has ceramic tile flooring that adds a touch of elegance throughout the property. Wi-Fi is provided keeping tenants connected without extra costs. Affordable leasing at just $400 monthly it's an attractive option for potential tenants. Strong high occupancy Rate making it a safe investment with a waiting list of tenants. This is a solid investment with a 8.5% CAP Rate, and a IRR of 20% it's a strong choice in today's market.
Features of 407 W Nolana Avenue
| MLS® # | 500528 |
|---|---|
| Price | $480,000 |
| Square Footage | 2,100 |
| Acres | 0.14 |
| Year Built | 1979 |
| Type | Commercial Sale |
| Sub-Type | Commercial |
| Status | Active |
| Office Square Footage | 2,100 |
Community Information
| Address | 407 W Nolana Avenue |
|---|---|
| Subdivision | Nolana Gardens |
| City | McAllen |
| County | Hidalgo |
| State | TX |
| Zip Code | 78504 |
Amenities
| Features | Restrooms-Private |
|---|---|
| Parking Spaces | 12 |
| Parking | Blacktop |
Interior
| Appliances | Electric Water Heater |
|---|---|
| Heating | Central |
| Cooling | Central Air |
Exterior
| Lot Description | Strip Mall |
|---|---|
| Roof | Flat |
| Construction | Stucco |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| Present Use | Office |
| Site Features | Restrooms-Private |
| Presently Leased | Yes |
| Annual Tax | $4,392 |
| HOA Association | No |
Listing Details
| Agent | Rogelio Vela |
|---|---|
| Office | Vela Commercial Real Estate |
| Contact Info | 956-270-2432 |