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    411 Business 83 McAllen, TX 78501

    For Sale
    $485,000

    Prime McAllen location, 2,000 sq ft auto shop.

    Property size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 2,000-square-foot retail property, located at 411 W. Business 83 in McAllen, Texas, presents a compelling investment opportunity. Situated in the heart of McAllen's bustling business district, this building offers a prime location with high visibility. Built in 1983, the property sits on a 4,346-square-foot lot and boasts a versatile layout ideal for an owner-user. Previously utilized as an auto-repair shop and a cellular phone store, the space features a welcoming lobby/showroom area seamlessly connected to a smaller warehouse. The garage, conveniently facing Business 83, provides direct access to a covered rear area suitable for outdoor storage. This adaptable space offers significant potential for a variety of uses, making it an attractive option for entrepreneurs seeking a well-established location in a thriving Texas city. The asking price is $485,000. The property's zip code is 78501, and it's located in Hidalgo County. This is a rare opportunity to acquire a well-positioned commercial property in a high-demand area.

    Property Features for 411 Business 83

    General Information

    Property type
    Automotive properties
    Square Feet
    2,000 SF

    Building Details

    Year Built
    1983

    HighLights

    • $485,000 asking price.
    • 2,000 square foot retail building.
    • Located at 411 W. Business 83, McAllen, TX 78501.
    • Built in 1983, situated on a 4,346 square foot lot.
    • Previously used as an auto repair shop; ideal for owner‑occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Map

    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2322355
    Latitude
    26.2188442

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    FAQs

    What type of property is this?
    Automotive property - Prime McAllen location, 2,000 sq ft auto shop.
    Where is this automotive property located?
    The property is located at 411 Business 83 McAllen, TX.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: $485,000 asking price.; 2,000 square foot retail building.; Located at 411 W. Business 83, McAllen, TX 78501.
    Request Owner's contact information
    411 Business 83 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
    411 Business 83 McAllen, TX 78501
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