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    601 Expressway 83 W McAllen, TX 78503

    For Sale
    $5,000,000

    Commercial - McAllen, TX

    Property size:
    13,585 SF
    Lot size:
    1.57 Acres
    Days on Market:
    282
    Last Refresh:
    Dec 7 at 12:06 pm

    Property Features for 601 Expressway 83 W

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    S200500000002A00
    Parking
    150
    Parking features
    Special Needs
    Size
    13,585 SF
    Lot size
    1.57 Acres

    Utilities

    Heating system
    Central, Electric (Heating)

    Building Details

    Year built
    1991
    Architectural style
    Other

    Benavides International Group (956) 465-0011 [email protected]

    Listing agent Jorge L. Zambrano (956) 465-0011

    Listing date Mar 1, 2025

    MLS# 398453 Listing URL

    Copyright © 2025 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Restaurant in High Traffic Area

    This well-established restaurant is located in a high-traffic area of McAllen, Texas. The property is situated in close proximity to hotels, a Simon Mall, a hospital, and McAllen International Airport. The property size is 13,585 square feet and the lot size is 1.5696 acres. The property is intended for restaurant and retail use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Poncho's Mexican Restaurant Poncho's Restaurant Mexican Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Ben & Jerry’s

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.228412
    Latitude
    26.188434

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    FAQs

    What type of property is this?
    Restaurant - Well-established restaurant in McAllen, TX, near hotels and the airport.
    Where is this restaurant located?
    The property is located at 601 Expressway 83 W McAllen, TX.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: - Highly frequented, well-established restaurant.; - High traffic location in McAllen.; - Close proximity to Hotels, Simon Mall, Hospital, and McAllen International Airport.
    (956) 465-0011
    Request Owner's contact information
    601 Expressway 83 W McAllen, TX 78503
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    McAllen, TX 78503
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    601 Expressway 83 W McAllen, TX 78503
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