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    Toronto Ave McAllen, TX 78503

    Sponsored
    For Sale
    $1,199,000

    2.27-Acre Tract, C-3 Zoning, Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.27-acre commercial and residential land parcel presents a unique investment opportunity in McAllen, Texas. Located at 0 E Toronto Avenue, zip code 78503, in Hidalgo County, this irregularly shaped property is zoned C-3, offering significant development potential. However, prospective buyers should be aware that the property requires subdivision before development can commence. Access to the property needs to be addressed to fully realize its potential. A key feature is the existing 35-foot ingress and egress easement providing access to 2nd Street, as detailed in the subdivision plat. The asking price for this substantial land holding is $1,199,000. Given its size, zoning, and location in McAllen, this property represents a compelling opportunity for developers and investors seeking a strategic land acquisition in a thriving Texas market. The property's latitude and longitude coordinates are 26.1833148, -98.2212967 respectively. Prospective purchasers are advised to conduct their own due diligence regarding access and subdivision requirements.

    Property Features for 0 Toronto Ave

    General Information

    Property type
    Land
    Lot Size
    98,881 SF

    HighLights

    • 2.27‑acre commercial and residential land parcel in McAllen, TX.
    • Located at 0 E Toronto Avenue, 78503, Hidalgo County.
    • C‑3 zoning allows for significant development potential, but requires subdivision.
    • Access needs improvement; features a 35‑foot ingress/egress easement to 2nd Street.
    • Asking price: $1,199,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2212967
    Latitude
    26.1833148

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    FAQs

    What type of property is this?
    Land - 2.27-Acre Tract, C-3 Zoning, Development Potential
    Where is this land located?
    The property is located at Toronto Ave McAllen, TX.
    What is the asking price?
    The asking price for this property is $1,199,000.
    What are key features of this property?
    This property features: 2.27-acre commercial and residential land parcel in McAllen, TX.; Located at 0 E Toronto Avenue, 78503, Hidalgo County.; C-3 zoning allows for significant development potential, but requires subdivision.
    Request Owner's contact information
    Toronto Ave McAllen, TX 78503
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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
    Toronto Ave McAllen, TX 78503
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