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    Bentsen Rd McAllen, TX 78501

    For Sale
    $8,050,000

    Exceptional development opportunity near I-2.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 10-51.5 acre commercial land parcel presents a remarkable investment opportunity in McAllen, Texas. Strategically located along S Bentsen Road, this property boasts prime frontage and unparalleled access to Interstate Highway 2, ensuring high visibility and convenient connectivity. The permitted zoning, encompassing A-O and C-3 classifications, unlocks a diverse range of development possibilities, catering to a wide spectrum of commercial ventures. Its proximity to key attractions such as the McAllen Performing Arts Center and Simon's Palm Crossing Lifestyle Complex further enhances its desirability and potential for significant returns. The asking price is $8,050,000. This substantial acreage offers developers a unique chance to capitalize on McAllen's thriving economy and burgeoning commercial landscape. The property's location within Hidalgo County, zip code 78501, provides easy access to a robust infrastructure and a large consumer base. This is an exceptional opportunity to acquire a significant land holding in a high-growth area with considerable future development potential. Serious inquiries are encouraged.

    Property Features for 0 Bentsen Rd

    General Information

    Property type
    Land
    Lot Size
    435,600 SF

    HighLights

    • Prime development opportunity in excellent location.
    • Near McAllen Performing Arts Center and Simon's Palm Lifestyle Center.
    • Adjacent to Interstate 2.
    • 5% escrow with Encore Title, McAllen; Tj Wingate, escrow agent.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2713942
    Latitude
    26.1971867

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    FAQs

    What type of property is this?
    Land - Exceptional development opportunity near I-2.
    Where is this land located?
    The property is located at Bentsen Rd McAllen, TX.
    What is the asking price?
    The asking price for this property is $8,050,000.
    What are key features of this property?
    This property features: Prime development opportunity in excellent location.; Near McAllen Performing Arts Center and Simon's Palm Lifestyle Center.; Adjacent to Interstate 2.
    Request Owner's contact information
    Bentsen Rd McAllen, TX 78501
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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
    Bentsen Rd McAllen, TX 78501
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