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    1020 Ash Ave McAllen, TX 78501

    For Sale
    $1,500,000

    Prime McAllen location, versatile commercial building.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial property, located at 1020 Ash Avenue in McAllen, Texas, 78501, presents a unique investment opportunity. The building, constructed in 1984, boasts a total area of 20,206 square feet, according to the Hidalgo District Appraisal District. This space is ideally suited for a variety of uses, offering flexibility for discerning investors. Approximately 7,560 square feet is designated for retail use, while approximately 12,646 square feet is currently configured as a machine shop. The property's strategic location near the intersection of Business Highway 83 and 10th Street in McAllen provides excellent visibility and accessibility. Its versatile layout makes it suitable for a range of commercial ventures, including retail establishments, event centers, or professional office spaces. The asking price for this substantial property is $1,500,000. The property sits on a larger lot of 21,200.216 square feet, offering potential for future expansion or development. This is a rare opportunity to acquire a well-located, adaptable commercial building in a thriving Texas market. Don't miss this chance to secure a valuable asset with significant potential for growth and return on investment.

    Property Features for 1020 Ash Ave

    General Information

    Property type
    Distribution properties

    Building Details

    Year Built
    1984

    HighLights

    • $1,500,000 asking price.
    • 21,200.216 sq ft land parcel in McAllen, TX.
    • 20,206 sq ft commercial building (per Hidalgo CAD), including approx. 7,560 sq ft of retail space and approx. 12,646 sq ft of warehouse space (currently a machine shop).
    • Located near the intersection of Business Highway 83 and 10th Street in McAllen, TX.
    • Suitable for retail, event center, or professional office uses.
    • 1984 construction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Designers Associated Architect McAllen Motor Mart Motor Vehicle Dealer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2306774
    Latitude
    26.2043857

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    FAQs

    What type of property is this?
    Distribution property - Prime McAllen location, versatile commercial building.
    Where is this distribution property located?
    The property is located at 1020 Ash Ave McAllen, TX.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price.; 21,200.216 sq ft land parcel in McAllen, TX.; 20,206 sq ft commercial building (per Hidalgo CAD), including approx. 7,560 sq ft of retail space and approx. 12,646 sq ft of warehouse space (currently a machine shop).
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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
    1020 Ash Ave McAllen, TX 78501
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