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    1200 Bentsen Rd McAllen, TX 78501

    Sponsored
    For Sale
    $18,025,000

    Prime Commercial/Residential Land, Texas

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 51.5-acre tract presents a unique opportunity for large-scale development in McAllen, Texas. Strategically located near Interstate 2/Expressway 83, this fee-simple property boasts a prime location with significant commercial and residential potential. Currently zoned agricultural, the land offers substantial flexibility for various projects. Its proximity to major thoroughfares, including the newly expanded 5-lane Bentsen Road, ensures excellent accessibility. Future road improvements, including the completion of Kennedy Avenue, will further enhance connectivity to nearby amenities. The property's advantageous position near Simon's Palms Crossing shopping and entertainment center, the McAllen Convention Center, and Performing Arts Center, provides immediate access to a thriving commercial hub. Furthermore, its location within the highly desirable Sharyland School District adds significant value. Mature trees on the site offer an established landscape, adding to its appeal. The asking price for this remarkable development opportunity is $18,025,000. This property is ideal for developers seeking a substantial land parcel with exceptional access and proximity to key attractions in a rapidly growing area. The property's size and location make it suitable for a variety of uses, including commercial and multi-family residential developments. The address is 1200 S Bentsen Rd, McAllen, TX 78501.

    Property Features for 1200 Bentsen Rd

    General Information

    Property type
    Land
    Lot Size
    2,243,340 SF

    HighLights

    • 51.5‑acre development tract near I‑2/Expressway 83 in McAllen, TX.
    • Prime location near McAllen Convention Center and Performing Arts Center.
    • Excellent proximity to Simon's Palms Crossing shopping center.
    • Located in the desirable Sharyland School District.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2712471
    Latitude
    26.1980898

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    FAQs

    What type of property is this?
    Land - Prime Commercial/Residential Land, Texas
    Where is this land located?
    The property is located at 1200 Bentsen Rd McAllen, TX.
    What is the asking price?
    The asking price for this property is $18,025,000.
    What are key features of this property?
    This property features: 51.5-acre development tract near I-2/Expressway 83 in McAllen, TX.; Prime location near McAllen Convention Center and Performing Arts Center.; Excellent proximity to Simon's Palms Crossing shopping center.
    (512) 633-5384
    Request Owner's contact information
    1200 Bentsen Rd McAllen, TX 78501
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    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
    1200 Bentsen Rd McAllen, TX 78501
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