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    513 15Th St McAllen, TX 78501

    For Sale
    $175,000

    7,000 sq ft lot, ideal for development. High visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 7,000.092 square foot commercial lot is situated in the heart of downtown McAllen, Texas, at 513 S 15th Street, zip code 78501. Its prime location offers unparalleled visibility and accessibility, making it a highly desirable site for a variety of commercial ventures or multifamily development. The property is conveniently located in Hidalgo County, providing easy access to major transportation routes and a thriving local economy. The asking price for this significant investment opportunity is $175,000. This substantial lot presents a rare chance to acquire a piece of McAllen's dynamic commercial landscape. Its size and location make it suitable for a wide range of development projects, promising significant returns for the discerning investor. The property's strategic position ensures high traffic volume and exposure, contributing to its exceptional potential. Don't miss this chance to secure a prime commercial property in a rapidly growing Texas city. This is a remarkable opportunity to capitalize on McAllen's robust economic climate and build a successful commercial enterprise.

    Property Features for 513 15Th St

    General Information

    Property type
    Land

    HighLights

    • $175,000 asking price.
    • 7,000.09 square foot commercial lot.
    • Located at 513 S 15th Street, McAllen, TX 78501.
    • Prime downtown McAllen location with high visibility and accessibility.
    • Ideal for commercial or multifamily development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2362086
    Latitude
    26.1991215

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    FAQs

    What type of property is this?
    Land - 7,000 sq ft lot, ideal for development. High visibility.
    Where is this land located?
    The property is located at 513 15Th St McAllen, TX.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: $175,000 asking price.; 7,000.09 square foot commercial lot.; Located at 513 S 15th Street, McAllen, TX 78501.
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    513 15Th St 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
    513 15Th St McAllen, TX 78501
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