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    906 Us Highway 83 McAllen, TX 78501

    For Lease
    $16 SF/Yr

    Prime McAllen location, 5 acres, high visibility.

    Lot size:
    3,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 5.179-acre commercial land parcel, located at 906 E US Highway 83 in McAllen, Texas, presents a unique investment opportunity. The property boasts a single-tenant building with approximately 3,000 square feet of versatile space, ideal for a variety of uses including retail, office, fitness centers, or laundromats. Its prime location in McAllen's thriving trade area ensures high visibility and accessibility, situated less than half a mile from the expressway. The property features ample parking with 30 spaces, catering to the needs of both employees and customers. The convenient access from Business 83 provides excellent exposure to a high volume of traffic. This property offers significant potential for growth and profitability. Furthermore, an adjacent 7,500 square foot leasable area is available for expansion or combination, providing flexibility for larger-scale operations. The property's APN is B340000000000100 and the zip code is 78501. This is a rare opportunity to acquire a well-positioned commercial property in a dynamic and growing market.

    Property Features for 906 Us Highway 83

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,000 SF

    Unit(s) available at that property

    Space
    Size
    3,000 SF
    Rate per SF
    $15
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop 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
    -98.2322355
    Latitude
    26.2188442

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    FAQs

    What type of property is this?
    Land - Prime McAllen location, 5 acres, high visibility.
    Where is this land located?
    The property is located at 906 Us Highway 83 McAllen, TX.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    Request Owner's contact information
    906 Us Highway 83 McAllen, TX 78501
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    McAllen, TX 78501
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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
    906 Us Highway 83 McAllen, TX 78501
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