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    2701 Expy 83 Hwy McAllen, TX 78503

    For Lease
    $61 SF/Yr

    Prime McAllen location, 2-acre lot, ample parking.

    Lot size:
    4,620 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 2-acre commercial land parcel, located at 2701 W Expressway 83 Highway #83 in McAllen, Texas (zip code 78503), presents a unique investment opportunity. The property boasts a total of 87,120 square feet of paved area, ideal for a variety of commercial uses. The existing building offers 5,868 square feet of space, suitable for retail or automotive-related businesses. The property's strategic location directly off Expressway 83 in McAllen provides excellent visibility and accessibility, making it an attractive option for businesses seeking high traffic exposure. The site includes 25 parking spaces, ensuring ample room for customers and employees. The property is designated as a single-tenant property with the APN V231500000002B00. This is a rare opportunity to acquire a well-situated commercial property in a thriving Texas market. The land's size and existing infrastructure make it a versatile option for various commercial ventures. Don't miss this chance to secure a prime location for your business. The property is zoned for commercial use and is ready for immediate development or occupancy.

    Property Features for 2701 Expy 83 Hwy

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,620 SF

    Unit(s) available at that property

    Space
    83
    Size
    4,620 SF
    Rate per SF
    $61

    HighLights

    • 2‑acre commercial land parcel at 2701 W Expressway 83, McAllen, TX 78503.
    • 87,120 SF of paved area.
    • 5,868 SF existing building suitable for retail or automotive uses.
    • Excellent visibility and accessibility on Expressway 83.
    • 25 parking spaces.
    • Single‑tenant property, APN V231500000002B00.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2533122
    Latitude
    26.1925896

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    FAQs

    What type of property is this?
    Land - Prime McAllen location, 2-acre lot, ample parking.
    Where is this land located?
    The property is located at 2701 Expy 83 Hwy McAllen, TX.
    What is the lease rate?
    The lease rate is $61 SF/Yr.
    What are key features of this property?
    This property features: 2-acre commercial land parcel at 2701 W Expressway 83, McAllen, TX 78503.; 87,120 SF of paved area.; 5,868 SF existing building suitable for retail or automotive uses.
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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
    2701 Expy 83 Hwy McAllen, TX 78503
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