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    1401 Jonquil Ave McAllen, TX 78501

    For Sale
    $900,000

    3.28-Acre Lot, Prime Location, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 3.28-acre lot presents a remarkable investment opportunity in McAllen, Texas. Located at 1401 E Jonquil Avenue, 78501, this property is zoned for commercial and multifamily use, offering significant development potential. The land's strategic location boasts excellent visibility and accessibility, situated near key thoroughfares such as Jackson and Nolana. Its proximity to a variety of restaurants and shopping centers ensures high traffic and convenient access for future residents or businesses. The asking price for this expansive parcel is $900,000. The property's versatility allows for a wide range of development options, from constructing a new apartment building to creating a mixed-use commercial development. Given its size and prime location within Hidalgo County, this property represents a rare chance to capitalize on McAllen's thriving real estate market. The existing zoning allows for a variety of uses, making it an ideal investment for both experienced developers and those seeking a lucrative venture. This is a unique opportunity to acquire a substantial land holding in a rapidly growing area. Serious inquiries are encouraged to explore the full potential of this exceptional property. The property is classified as a duplex/triplex/quadruplex, offering flexibility in development plans.

    Property Features for 1401 Jonquil Ave

    General Information

    Property type
    Multifamily properties
    Lot Size
    142,833 SF

    HighLights

    • $900,000 asking price.
    • 3.279‑acre lot in McAllen, Texas.
    • Multifamily property (Apartment Building, Duplex/Triplex/Quadruplex)
    • Located at 1401 E Jonquil Avenue, McAllen, TX 78501.
    • Excellent investment opportunity near restaurants and shopping.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2041625
    Latitude
    26.2333211

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    FAQs

    What type of property is this?
    Multifamily property - 3.28-Acre Lot, Prime Location, High Potential
    Where is this multifamily property located?
    The property is located at 1401 Jonquil Ave McAllen, TX.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: $900,000 asking price.; 3.279-acre lot in McAllen, Texas.; Multifamily property (Apartment Building, Duplex/Triplex/Quadruplex)
    Request Owner's contact information
    1401 Jonquil Ave 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
    1401 Jonquil Ave McAllen, TX 78501
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