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    4421 Expressway 83 McAllen, TX 78501

    For Sale
    $1,990,000

    2.25-acre commercial lot, Expressway 83 frontage.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    Prime 2.25-acre commercial land parcel in McAllen, Texas, is available for $1,990,000. Located at 4421 W Expressway 83, this property boasts direct access from the Expressway on its north side. The lot is part of a corner subdivision at the intersection of Expressway 2/83 and Bentsen Road, offering excellent visibility and accessibility. While situated near two other commercial lots with existing eating establishments, this property benefits from its own right-of-way access, effectively making it a corner lot. Historically approved for a 90-room hotel by both a franchise and the City of McAllen, the existing feasibility studies are available for review. This allows for potential reuse of the plans to expedite permitting for a similar development. However, the property's zoning allows for a wide range of commercial uses, including restaurants, event centers, and other commercial developments. This 2.05-acre tract is already subdivided and ready for construction, a rare find along the expressway. Its strategic location offers proximity to McAllen Miller International Airport, the city golf course, Las Palmas Shopping Center (with over 30 restaurants), and the McAllen Convention Center, ensuring high traffic and visibility. This exceptional opportunity presents a strong investment potential in a thriving commercial area.

    Property Features for 4421 Expressway 83

    General Information

    Property type
    Land
    Lot Size
    98,010 SF

    HighLights

    • $1,990,000 asking price.
    • 2.25‑acre commercial land parcel in McAllen, TX.
    • Located at 4421 W Expressway 83, Hidalgo County, zip code 78501.
    • Previously approved for a 90‑room hotel; studies available.
    • Suitable for various commercial uses including restaurants, event centers, and retail.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2322355
    Latitude
    26.2188442

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    FAQs

    What type of property is this?
    Land - 2.25-acre commercial lot, Expressway 83 frontage.
    Where is this land located?
    The property is located at 4421 Expressway 83 McAllen, TX.
    What is the asking price?
    The asking price for this property is $1,990,000.
    What are key features of this property?
    This property features: $1,990,000 asking price.; 2.25-acre commercial land parcel in McAllen, TX.; Located at 4421 W Expressway 83, Hidalgo County, zip code 78501.
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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
    4421 Expressway 83 McAllen, TX 78501
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