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    321 Dove Ave McAllen, TX 78504

    Sponsored
    For Sale
    $995,000

    1-Acre Retail Land, 3,422 SF Building

    Property size:
    3,422 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1-acre commercial property, located at 321 Dove Ave W in McAllen, Texas, presents a unique investment opportunity. The property boasts a 3,422 square foot building constructed in 1976, situated on a spacious lot with over 200 feet of frontage on Dove Avenue. Its convenient location in North McAllen offers easy access to major thoroughfares like 2nd and 10th Streets, placing it within close proximity to a vibrant mix of residential and commercial developments, including banks, restaurants, medical facilities, and entertainment venues. The property is surrounded by mature trees, creating a lush and appealing setting. The existing building requires repairs, including a new roof and other necessary improvements, and is being sold "as is." Currently zoned R-1 (residential), this rare 1-acre tract within McAllen city limits presents significant redevelopment potential. The land value is $290.77 per square foot. The property's APN is H2550-00-011-0001-06. The asking price is $995,000. This property is ideal for investors seeking a prime location with high redevelopment potential in a thriving Texas market.

    Property Features for 321 Dove Ave

    General Information

    Property type
    Land
    Square Feet
    3,422 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built
    1976
    Buildings
    1
    Stories
    1

    HighLights

    • 200+ feet of frontage on Dove Avenue.
    • Excellent access to 2nd and 10th Streets.
    • Rare 1‑acre city lot.
    • Mature landscaping on a spacious site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2140796
    Latitude
    26.2522907

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    FAQs

    What type of property is this?
    Land - 1-Acre Retail Land, 3,422 SF Building
    Where is this land located?
    The property is located at 321 Dove Ave McAllen, TX.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: 200+ feet of frontage on Dove Avenue.; Excellent access to 2nd and 10th Streets.; Rare 1-acre city lot.
    Request Owner's contact information
    321 Dove Ave McAllen, TX 78504
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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
    321 Dove Ave McAllen, TX 78504
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