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    2701 Business 83 McAllen, TX 78501

    For Sale
    $689,000

    High-traffic commercial land in McAllen, TX.

    Property size:
    606 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 0.7 acre commercial land parcel, located at 2701 W Business 83 in McAllen, Texas, presents a unique investment opportunity. The property, built in 1997, boasts a total area of 30,583.912 square feet and is priced at $689,000, translating to $1,136.96 per square foot. Its strategic location in the heart of McAllen, directly off Business 83, ensures high visibility and significant traffic exposure, making it ideal for a wide range of commercial ventures. The property's 606 square feet of existing structures offer potential for immediate use or redevelopment. Situated in Hidalgo County, with a zip code of 78501, this property benefits from the vibrant economic activity and strong growth potential of McAllen. The coordinates are 26.2050035 latitude and -98.2386278 longitude. This prime location offers unparalleled potential for business success, making it an exceptional investment opportunity for discerning buyers. The property's high traffic count and visibility make it an attractive option for businesses seeking maximum exposure. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial land.

    Property Features for 2701 Business 83

    General Information

    Property type
    Land
    Square Feet
    606 SF

    Building Details

    Year Built
    1997

    HighLights

    • $689,000 asking price.
    • 606 square foot commercial land parcel.
    • $1,137 per square foot.
    • Located at 2701 W Business 83, McAllen, TX 78501.
    • Built in 1997.
    • Prime McAllen location with high traffic counts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2386278
    Latitude
    26.2050035

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    FAQs

    What type of property is this?
    Land - High-traffic commercial land in McAllen, TX.
    Where is this land located?
    The property is located at 2701 Business 83 McAllen, TX.
    What is the asking price?
    The asking price for this property is $689,000.
    What are key features of this property?
    This property features: $689,000 asking price.; 606 square foot commercial land parcel.; $1,137 per square foot.
    Request Owner's contact information
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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
    2701 Business 83 McAllen, TX 78501
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