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    1101 Jasmine Ave McAllen, TX 78501

    For Sale
    $1,165,000

    2.22 Acres, Class A Office Park, Development Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 2.22-acre commercial land parcel presents a prime development opportunity in McAllen, Texas. Situated at the highly visible northwest corner of Jasmine Avenue and Commerce Center Street within the prestigious 495 Commerce Center, this property boasts unparalleled accessibility and visibility. Its location offers easy access to major thoroughfares, including Business 83 and US Highway 281, ensuring convenient commutes for employees and customers. The 495 Commerce Center is experiencing significant growth, fueled by exciting nearby developments. These include the substantial UTRGV McAllen ISD Collegiate Academy, a new 65,600 square-foot educational facility, and the advanced UT Health RGV Cancer and Surgery Center, a state-of-the-art medical complex offering oncology, infusion, radiation oncology, and clinical research. This strategic location within a thriving business hub, coupled with the property's substantial size and prime corner lot positioning, makes it an ideal investment for developers seeking high-impact projects. The asking price for this ready-for-development land is $1,165,000. Don't miss this chance to capitalize on the burgeoning growth of McAllen and secure a prominent position in this dynamic commercial area. The property is zoned for commercial use (verification recommended). This is a rare opportunity to acquire a significant land parcel in a rapidly developing area of McAllen, Hidalgo County, Texas, zip code 78501.

    Property Features for 1101 Jasmine Ave

    General Information

    Property type
    Land
    Lot Size
    96,703 SF

    HighLights

    • 2.22‑acre commercial land parcel in McAllen, TX.
    • Prime corner lot at Jasmine Ave & Commerce Center St, within the 495 Commerce Center.
    • Excellent visibility and access to major thoroughfares (Business 83 & US Hwy 281).
    • Located near UTRGV McAllen ISD Collegiate Academy & UT Health RGV Cancer & Surgery Center.
    • $1,165,000 asking price; commercially zoned (verification recommended).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    NewMCoero Co. Yeshiva

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2074
    Latitude
    26.210166

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    FAQs

    What type of property is this?
    Land - 2.22 Acres, Class A Office Park, Development Ready
    Where is this land located?
    The property is located at 1101 Jasmine Ave McAllen, TX.
    What is the asking price?
    The asking price for this property is $1,165,000.
    What are key features of this property?
    This property features: 2.22-acre commercial land parcel in McAllen, TX.; Prime corner lot at Jasmine Ave & Commerce Center St, within the 495 Commerce Center.; Excellent visibility and access to major thoroughfares (Business 83 & US Hwy 281).
    Request Owner's contact information
    1101 Jasmine Ave 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
    1101 Jasmine Ave McAllen, TX 78501
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