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    2029 23Rd St McAllen, TX 78501

    For Sale
    $895,000

    Prime McAllen location, 29,000+ sq ft lot.

    Property size:
    900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial land opportunity presents a rare chance to acquire a substantial property in the thriving city of McAllen, Texas. Located at 2029 N 23rd Street, this 29,233.116 square foot lot offers significant potential for a variety of commercial ventures. The property boasts a prime central location, providing excellent visibility and accessibility. Built in 1997, the land is currently utilized as an auto sales and mechanics shop, demonstrating its suitability for businesses requiring ample space. The asking price is $895,000. This represents a compelling investment in a rapidly growing area of McAllen, offering substantial returns for the discerning buyer. The property's size and location make it ideal for redevelopment or expansion, catering to a wide range of commercial uses. With its strategic positioning and substantial lot size, this property is poised for continued success and significant appreciation. The 900 square foot building on the property is currently leased. Don't miss this opportunity to secure a prime commercial asset in the heart of McAllen, Texas, zip code 78501, Hidalgo County. This property is situated in a high-traffic area off 23rd Street.

    Property Features for 2029 23Rd St

    General Information

    Property type
    Land
    Square Feet
    900 SF

    Building Details

    Year Built
    1997

    HighLights

    • 29,233.116 sq ft lot in McAllen, TX.
    • Located at 2029 N 23rd Street, zip code 78501, Hidalgo County.
    • Prime central location with high visibility and accessibility.
    • Currently used as an auto sales and mechanics shop with a 900 sq ft leased building.
    • Asking price: $895,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Garcia's Motors, LLC Used Car Dealer De La Fuente ... Auto Repair Shop

    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
    -98.242844
    Latitude
    26.2243977

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    FAQs

    What type of property is this?
    Land - Prime McAllen location, 29,000+ sq ft lot.
    Where is this land located?
    The property is located at 2029 23Rd St McAllen, TX.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: 29,233.116 sq ft lot in McAllen, TX.; Located at 2029 N 23rd Street, zip code 78501, Hidalgo County.; Prime central location with high visibility and accessibility.
    Request Owner's contact information
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    McAllen, TX 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
    2029 23Rd St McAllen, TX 78501
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