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    1301 Fern Ave McAllen, TX 78501

    For Sale
    $545,000

    Prime 1.2-acre corner lot, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1.232-acre commercial land parcel is strategically located at 1301 E Fern Avenue in McAllen, Texas, zip code 78501. Situated on a prominent corner lot, this property benefits from high visibility and accessibility due to its location at a well-traveled intersection. The site enjoys a significant amount of both residential and commercial traffic, making it an ideal location for a variety of commercial ventures. Its position offers easy connectivity to Interstate 69, a major thoroughfare connecting the bustling Edinburg-McAllen-Pharr region. This prime location ensures excellent exposure to a large and diverse customer base. The property is classified as commercial land and presents a unique opportunity for developers and investors seeking a high-traffic location within a thriving Texas market. The asking price for this exceptional property is $545,000. The Hidalgo County location provides access to a robust local economy and a growing population. This is a rare opportunity to acquire a well-positioned commercial lot with significant development potential. Serious inquiries are encouraged.

    Property Features for 1301 Fern Ave

    General Information

    Property type
    Land
    Lot Size
    53,666 SF

    HighLights

    • 1.232‑acre commercial land parcel in McAllen, TX (78501).
    • High‑visibility corner lot at a well‑traveled intersection with excellent access to I‑69.
    • High traffic counts from both residential and commercial sources.
    • $545,000 asking price.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Orlee Loquellano Binamira, ... Family Practice Physician Melissa Estorga Audiologist Mr. Carlos Caro Internist Davina Guerra Speech Pathologist Caregiver SOS Health Consultant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2000857
    Latitude
    26.22967

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    FAQs

    What type of property is this?
    Land - Prime 1.2-acre corner lot, high traffic.
    Where is this land located?
    The property is located at 1301 Fern Ave McAllen, TX.
    What is the asking price?
    The asking price for this property is $545,000.
    What are key features of this property?
    This property features: 1.232-acre commercial land parcel in McAllen, TX (78501).; High-visibility corner lot at a well-traveled intersection with excellent access to I-69.; High traffic counts from both residential and commercial sources.
    (956) 537-8700
    Request Owner's contact information
    1301 Fern 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
    1301 Fern Ave McAllen, TX 78501
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