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    2800 Expressway 83 McAllen, TX 78501

    For Lease
    Contact for pricing

    Prime McAllen retail center; multiple suites available.

    Lot size:
    291,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    The Shops at 29, a Class B retail power center in McAllen, TX's Greater McAllen submarket, offers exceptional opportunities for businesses seeking high-visibility locations. This 291,500 square foot center boasts eight buildings situated on 24.6 acres of land, with individual lot sizes ranging from 1.17 to 1.47 acres. Currently, there are three suites available, totaling 15,021 square feet of vacant space. Flexible lease options are available, with minimum divisible space at 1,540 square feet and a maximum contiguous space of 8,780 square feet. Built in 2016, the single-story buildings feature convenient access and high visibility due to their prominent location along Expressway 83/IH-2. The property benefits from a 60-foot expressway pylon sign and five pads fronting the expressway, ensuring maximum exposure. The Shops at 29 enjoys a strategic location adjacent to popular destinations such as Palms Crossing, the McAllen Convention Center, and the McAllen Performing Arts Center, benefiting from high traffic counts of 147,825 vehicles per day on Expressway 83/IH-2. The property's APN is S3280-00-000-002A-00 and is cross-street accessible via South 29th Street. Second-generation spaces are available, ranging from 1,540 square feet to 3,001 square feet, and larger spaces up to 8,780 square feet are also available. This is an ideal location for a variety of retail and restaurant businesses seeking a thriving market in a high-traffic area. No elevators are present on the property.

    Property Features for 2800 Expressway 83

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    291,500 SF
    Class
    B

    Building Details

    Year Built
    2016
    Buildings
    8
    Stories
    1

    Unit(s) available at that property

    Space
    New Space Available on Lot 3
    Size
    8,780 SF
    Space
    2nd Generation Space 1
    Size
    1,540 SF
    Space
    2nd Generation Space 3
    Size
    1,700 SF

    HighLights

    • Retail property totaling 291,500 square feet, offering multiple tenancies.
    • Spaces available range from 1,540 to 8,780 square feet, divisible to suit tenant needs.
    • Currently, 15,021 square feet of space is vacant.
    • Located in the Greater McAllen submarket, with a Class B designation and built in 2016.
    • The property sits on approximately 24.6 acres of land, featuring eight buildings with a single story each. No elevators are present.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shops at 29 Shopping Mall

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -98.252432432973
    Latitude
    26.194600973484

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    FAQs

    What type of property is this?
    Restaurant - Prime McAllen retail center; multiple suites available.
    Where is this restaurant located?
    The property is located at 2800 Expressway 83 McAllen, TX.
    What are key features of this property?
    This property features: Retail property totaling 291,500 square feet, offering multiple tenancies.; Spaces available range from 1,540 to 8,780 square feet, divisible to suit tenant needs.; Currently, 15,021 square feet of space is vacant.
    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
    2800 Expressway 83 McAllen, TX 78501
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