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    107 Hwy 107 Hwy McAllen, TX 78504

    For Sale
    $228,000

    Prime 1-acre commercial lot, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 40,945.96 square foot commercial land parcel is strategically located at 107 N Hwy 107 Highway NE in McAllen, Texas, zip code 78504. Offered at $228,000, this property presents a unique investment opportunity due to its high-traffic location on a major highway, ensuring excellent visibility and accessibility. The site boasts direct access from the highway, promising significant exposure to a large daily traffic volume. Its one-acre size provides ample space for a variety of commercial developments. Potential uses include, but are not limited to, retail stores, restaurants, gas stations, or office buildings. The property's location in McAllen, Hidalgo County, offers proximity to numerous amenities, including shopping centers, schools, hospitals, and public transportation, enhancing its appeal and potential for success. While currently zoned for commercial use, potential rezoning options may exist, further expanding development possibilities. Don't miss this chance to acquire a highly visible and versatile commercial property in a thriving Texas market. This is a rare opportunity to secure a prime piece of real estate with significant potential for growth and return on investment.

    Property Features for 107 Hwy 107 Hwy

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.23249
    Latitude
    26.3114371

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    FAQs

    What type of property is this?
    Land - Prime 1-acre commercial lot, high visibility.
    Where is this land located?
    The property is located at 107 Hwy 107 Hwy McAllen, TX.
    What is the asking price?
    The asking price for this property is $228,000.
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    McAllen, TX 78504
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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
    107 Hwy 107 Hwy McAllen, TX 78504
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