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    113 Us Hwy 83 Hwy McAllen, TX 78501

    For Sale
    $630,000

    6,524 sq ft lot, high traffic area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 6,524.85 square foot commercial land parcel presents a remarkable investment opportunity in the thriving city of McAllen, Texas. Situated at 113 W US Highway 83, this property boasts a prime location, offering unparalleled visibility and accessibility. Built in 1994, the lot's strategic placement on West Business 83 and 2nd Street places it directly across from the University Draft House, ensuring high foot and vehicle traffic. The property includes a significant advantage: a gated, private parking lot providing an additional 20-25 parking spaces, a valuable asset for any business. This presents a unique opportunity for investors seeking passive income through leasing or for businesses aiming to establish a presence in a high-traffic area. The asking price is $630,000. A lease option is also available at $4,500 per month, requiring a minimum two-year commitment. This property's potential is limitless, making it an ideal investment for those seeking a strong return in a dynamic commercial market. The property is located in Hidalgo County, Texas, zip code 78501.

    Property Features for 113 Us Hwy 83 Hwy

    General Information

    Property type
    Land

    Building Details

    Year Built
    1994

    HighLights

    • $630,000 asking price.
    • 6,524.85 sq ft commercial land parcel.
    • Located in McAllen, TX, 78501, on W US Highway 83.
    • 1994 construction.
    • High‑traffic location near University Draft House, offering potential for lease ($4,500/month minimum 2‑year lease) or sale.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2502574
    Latitude
    26.2069549

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    FAQs

    What type of property is this?
    Land - 6,524 sq ft lot, high traffic area
    Where is this land located?
    The property is located at 113 Us Hwy 83 Hwy McAllen, TX.
    What is the asking price?
    The asking price for this property is $630,000.
    What are key features of this property?
    This property features: $630,000 asking price.; 6,524.85 sq ft commercial land parcel.; Located in McAllen, TX, 78501, on W US Highway 83.
    Request Owner's contact information
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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
    113 Us Hwy 83 Hwy McAllen, TX 78501
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