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    Us Hwy 83 & Mccoll Rd McAllen, TX 78503

    For Lease
    Contact for pricing

    High-traffic retail space, McAllen, TX.

    Lot size:
    287,952 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional retail center, located at the prominent intersection of US Hwy 83 and McColl Rd in McAllen, Texas (zip code 78503), offers a prime investment opportunity. The property boasts a total of 287,952 square feet, strategically positioned to capitalize on the high-density trade area between Pharr and Mission. With a total of 1,175 parking spaces, this center ensures ample convenience for customers. Currently, there are two suites available, with a minimum divisible space of 1,534 square feet and a maximum contiguous space of 3,000 square feet. A total of 4,534 square feet is currently vacant, presenting a unique chance to establish a new business or expand an existing one. The center benefits from excellent highway visibility along Expressway 83 (I-2), attracting significant traffic. This location is further enhanced by its proximity to major retailers such as Target (shadow anchor), Marshalls, Ross, and Dick's Sporting Goods, creating a synergistic retail environment. The property is situated in Hidalgo County and serves a region experiencing 14 million annual border crossings, indicating a substantial and consistent customer base. This retail center presents a compelling investment opportunity in a thriving market with high visibility and strong anchor tenants. The property is ideal for businesses seeking a high-traffic location with significant potential for growth and success.

    Property Features for 0 Us Hwy 83 & Mccoll Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    287,952 SF

    Unit(s) available at that property

    Space
    Suite 1B
    Size
    1,534 SF
    Space
    Suite 00002
    Size
    3,000 SF

    HighLights

    • 287,952 square feet of gross leasable area (GLA).
    • 1,175 parking spaces.
    • Located in the McAllen‑Edinburg‑Mission, TX MSA.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.213209
    Latitude
    26.186771

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail space, McAllen, TX.
    Where is this retail property located?
    The property is located at Us Hwy 83 & Mccoll Rd McAllen, TX.
    What are key features of this property?
    This property features: 287,952 square feet of gross leasable area (GLA).; 1,175 parking spaces.; Located in the McAllen-Edinburg-Mission, TX MSA.
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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
    Us Hwy 83 & Mccoll Rd McAllen, TX 78503
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