High-Traffic Restaurant
For Sale
$5,000,000
601 W Expressway 83, McAllen, TX 78503
COMMERCIAL - McAllen, TX
Property Size13,585 SF
Lot Size1.57 Acres
Price / SF$368.05
Days on Market166
Property Features for 601 W Expressway 83
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
150
Parking features
Special Needs
Accessibility
Accessible Approach with Ramp
Appliances
Electric Water Heater
Subdivision
Savannah Park
Directions
Continue on I-2/US-83 W to McAllen. Take the exit toward TX-336/2nd St/10th St from I-2/US-83 W Continue on W Frontage Rd. Drive to S 6th St and your destination will be to the right.
Standard status
Active
APN
S200500000002A00
Size
13,585 SF
Lot size
1.57 Acres
Taxes and HOA fees
Tax Year
2022
Tax Annual Amount
44893
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Building Details
Year built
1991
Floors in Building
1
Building materials
Stucco
Roof type
Metal
Listing Agency:
Big Realty
(956) 465-0011
Listed By:
Jorge L. Zambrano
(956) 800-3623
Added: Feb 17
Changed: Jun 9
Last Checked: Aug 2 at 7:06PM
MLS# 398453
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This well-established restaurant offers a dedicated commercial facility on 1.5696 acres, with a total building size of 13,585 square feet. The asset is positioned as a highly frequented dining option in a high-traffic area and is presented for sale as an operating restaurant property.
Located at 601 W Expressway 83 in McAllen, Texas 78503, the property is described as being in close proximity to hotels, Simon Mall, a hospital, and McAllen International Airport, supporting convenient access for visitors and guests.
Located at 601 W Expressway 83 in McAllen, Texas 78503, the property is described as being in close proximity to hotels, Simon Mall, a hospital, and McAllen International Airport, supporting convenient access for visitors and guests.
Key Highlights
- Well‑established restaurant in a high‑traffic area of McAllen
- Close to hotels, Simon Mall, a hospital, and McAllen International Airport
- Year built: 1991
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $293.4k | $21.60 |
| − Vacancy | −$16.4k | −$1.21 |
| EGI | $277.0k | $20.39 |
| − OpEx | −$69.3k | −$5.10 |
| NOI | $207.8k | $15.29 |
13,585 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.97M
$2.60M – $3.46M
NOI $207,753 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.69M
$3.23M – $4.30M
NOI $258,224 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,863
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78503, TX
23,604
Population
8,090
Households
2.9
Avg Household Size
35
Median Age
25%
College-Educated
71%
High-School Grad
19.2 sq mi
ZIP Area
1,229
Density / Sq Mi
$48,765
Median Household Income
$27,514
Median Earnings
$1,087
Median Rent
$130,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- House of China — 2001 S 10th St, McAllen, TX 78503
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Well-established restaurant on a high-traffic site in McAllen near major airport, mall, hotels, and a hospital.
Where is this conventional restaurant located?
The property is located at 601 W Expressway 83 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: Well‑established restaurant in a high‑traffic area of McAllen; Close to hotels, Simon Mall, a hospital, and McAllen International Airport; Year built: 1991
