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1300 E. Nolana
McAllen, TX 78504
Asking Price
Contact for price
Asset Type
Residential Land
Class
Class B
What's Special
3.66-Acre Platted Townhome Development Site <ul><li>±3.66 acres available for sale</li><li>Platted and approved by the City of McAllen for townhome development</li><li>Approved development plans will convey with the property</li><li>Located directly behind Nolana Plaza, a successful and established shopping center</li><li>Shovel-ready opportunity with significant entitlement work already completed</li><li>Ideal for a townhome or build-to-rent developer</li><li>Opportunity to complete the surrounding block in a proven commercial cor
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
