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    1501 Expressway 83 W McAllen, TX 78503

    For Lease
    Contact for pricing

    Commercial land available for lease in high-traffic retail corridor.

    Lot size:
    0.69 Acres

    Property Features for 1501 Expressway 83 W

    General Information

    Lot size
    0.69 Acres

    Source: Killam Development Agent Susie Torres

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Land for Lease

    This commercial land is available for lease, offering various options and units, including a corner pad site. The property features frontage to W. Expressway 2, which experiences a traffic volume of 86,991 vehicles per day. A pylon sign faces both Expressway 2 and S. Main St. The location is adjacent to La Plaza Mall, ranked as the sixth mall in Texas based on visits within the shopping center category. The property benefits from a high-traffic retail corridor and provides a parking ratio of 4:1000.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    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.

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.240131
    Latitude
    26.190163

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    FAQs

    What type of property is this?
    Commercial land - Commercial land available for lease in high-traffic retail corridor.
    Where is this commercial land located?
    The property is located at 1501 Expressway 83 W McAllen, TX.
    What are key features of this property?
    This property features: - Adjacent to La Plaza Mall, a top Texas shopping destination.; - Frontage to W. Expressway 2 with high visibility (86,991 VPD).; - High-traffic retail corridor location.
    (956) 724-7141
    Request Owner's contact information
    1501 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
    1501 Expressway 83 W McAllen, TX 78503
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