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    0000 State Hwy 107 Hwy McAllen, TX 78572

    For Sale
    $950,000

    4.49-acre commercial development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 4.49-acre tract of land presents a remarkable investment opportunity in the thriving McAllen, Texas market. Located at the high-traffic corner of NW State Highway 107 (Mile 7 Road) and Los Ebanos Road NW in Mission, Hidalgo County, this property boasts unparalleled visibility and accessibility. The site is ideally suited for a variety of commercial developments, including a convenience store or strip center, capitalizing on the significant daily traffic volume generated by the newly completed six-lane highway expansion on Highway 107. The property's zoning allows for both commercial and residential uses, offering flexibility for a diverse range of development plans. With its expansive lot size and prime location, this property represents a rare chance to acquire a highly desirable asset in a rapidly growing area. The asking price is $950,000. The property is classified as Land, Multifamily, and is further categorized as Commercial, Residential, and Apartment Building, with a Duplex/Triplex/Quadruplex subtype. The property's address is 0000 NW State Highway 107 Highway NW, Mission, TX 78572. Its geographic coordinates are latitude 26.3135859 and longitude -98.29297. This is a unique opportunity to secure a significant piece of real estate in a dynamic and expanding market.

    Property Features for 0000 State Hwy 107 Hwy

    General Information

    Property type
    Multifamily properties
    Lot Size
    195,584 SF

    HighLights

    • 4.49‑acre commercial land tract in Mission, TX, priced at $950,000.
    • High‑traffic corner of NW State Hwy 107 (Mile 7 Road) & Los Ebanos Road NW, offering excellent visibility.
    • Zoned for commercial and residential use, suitable for various developments including convenience stores or strip centers.
    • Benefits from the recently completed six‑lane expansion of Highway 107, increasing traffic volume.
    • Located at 0000 NW State Highway 107 Highway NW, Mission, TX 78572 (26.3135859, -98.29297).
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.29297
    Latitude
    26.3135859

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    FAQs

    What type of property is this?
    Multifamily property - 4.49-acre commercial development opportunity.
    Where is this multifamily property located?
    The property is located at 0000 State Hwy 107 Hwy McAllen, TX.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: 4.49-acre commercial land tract in Mission, TX, priced at $950,000.; High-traffic corner of NW State Hwy 107 (Mile 7 Road) & Los Ebanos Road NW, offering excellent visibility.; Zoned for commercial and residential use, suitable for various developments including convenience stores or strip centers.
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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
    0000 State Hwy 107 Hwy McAllen, TX 78572
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