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    700 Ware Rd McAllen, TX 78501

    For Sale
    $2,395,000

    Prime McAllen Commercial Lot, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 3.76-acre commercial land parcel is ideally situated in McAllen, Texas, at 700 Ware Road, zip code 78501. The property boasts a highly desirable triangular shape with an impressive 564 feet of frontage on Ware Road. Its location within the McAllen Convention Area ensures high visibility and accessibility, placing it within walking distance of Las Palmas Shopping and numerous eateries. The proximity to the new McAllen Performing Arts Center (just two blocks east) further enhances its appeal. This location is surrounded by new hotels and shopping centers, and is conveniently located within a 2-3 mile radius of two country golf courses and one public course. The lot is serviced by all utilities and benefits from its adjacency to a Hidalgo County Irrigation District, providing convenient drainage. Previously occupied by a sports bar and restaurant, this site presents a unique opportunity for redevelopment or new construction in a thriving commercial hub. The high traffic count and established infrastructure make this a compelling investment opportunity. This property is zoned for commercial use. The asking price is $2,395,000.

    Property Features for 700 Ware Rd

    General Information

    Property type
    Land
    Lot Size
    163,786 SF

    HighLights

    • $2,395,000 asking price.
    • 3.76‑acre commercial land parcel.
    • Located at 700 Ware Road, McAllen, TX 78501.
    • High‑traffic location near McAllen Convention Center and Las Palmas shopping area.
    • Triangular lot with 564 feet of frontage on Ware Road.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    heb Grocery Store

    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
    -98.2627877
    Latitude
    26.2020945

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    FAQs

    What type of property is this?
    Land - Prime McAllen Commercial Lot, High Traffic Area
    Where is this land located?
    The property is located at 700 Ware Rd McAllen, TX.
    What is the asking price?
    The asking price for this property is $2,395,000.
    What are key features of this property?
    This property features: $2,395,000 asking price.; 3.76-acre commercial land parcel.; Located at 700 Ware Road, McAllen, TX 78501.
    Request Owner's contact information
    700 Ware Rd 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
    700 Ware Rd McAllen, TX 78501
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