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    717 Ridge Rd McAllen, TX 78503

    For Sale
    $1,529,000

    2.34 Acres, High Traffic, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 2.34-acre commercial land parcel in McAllen, Texas, presents a remarkable investment opportunity. Located at 717 E Ridge Road E, 78503, this property boasts a prime location with high visibility and significant daily traffic volume—21,000 cars per day, with even higher traffic counts nearby on Expressway 83 (127,000 CPD). The site is ideally suited for a variety of commercial uses, including retail, restaurants, banking, hospitality, and medical facilities. Its strategic location places it within easy reach of major retailers, food chains, banks, hospitals, La Plaza Mall, and McAllen International Airport. The property comprises two lots (Lot 2: 1.07 acres; Lot 6: 1.27 acres), currently used for agriculture but zoned for commercial development. A significant advantage is its location outside FEMA-designated flood zones. The area's strong demographics further enhance its appeal, with a population of 140,000 within a 5-mile radius, supplemented by a substantial influx of foreign shoppers annually. The high occupancy rates of area hotels underscore the robust tourism and hospitality sectors. Adjacent parcels are also available for buyers seeking a larger land area. This property offers unparalleled potential for significant return on investment.

    Property Features for 717 Ridge Rd

    General Information

    Property type
    Land
    Lot Size
    101,930 SF

    HighLights

    • $1,529,000 asking price for 2.34 acres of commercially zoned land.
    • Located at 717 E Ridge Road E, McAllen, TX 78503, in Hidalgo County.
    • High‑traffic area with 21,000 cars per day passing the property, and 127,000 CPD one block north on Expressway 83.
    • Suitable for various commercial uses including retail, restaurant, banking, hospitality, and medical.
    • Located near major retailers, food chains, banks, hospitals, La Plaza Mall, and McAllen International Airport.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grupo Solis Trial Attorney

    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
    -98.214632
    Latitude
    26.185164

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    FAQs

    What type of property is this?
    Land - 2.34 Acres, High Traffic, Prime Location
    Where is this land located?
    The property is located at 717 Ridge Rd McAllen, TX.
    What is the asking price?
    The asking price for this property is $1,529,000.
    What are key features of this property?
    This property features: $1,529,000 asking price for 2.34 acres of commercially zoned land.; Located at 717 E Ridge Road E, McAllen, TX 78503, in Hidalgo County.; High-traffic area with 21,000 cars per day passing the property, and 127,000 CPD one block north on Expressway 83.
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    717 Ridge Rd McAllen, TX 78503
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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
    717 Ridge Rd McAllen, TX 78503
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