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    3201 10Th St McAllen, TX 78503

    Sponsored
    For Sale
    $3,000,000

    Prime McAllen hotel, 60 rooms, high growth area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 60-room limited-service hotel situated on a 1.335-acre lot (58,152 square feet) in McAllen, Texas. Built in 1998, the property boasts approximately 20,352 square feet of gross building area, per the Hidalgo County Appraisal District. The hotel features an exterior corridor design, including a lobby/office space, a swimming pool, and an on-site laundry room. Its strategic location offers significant upside potential. The hotel is adjacent to the developing 12-acre Quinta Mazatlán urban ecology center, projected to generate $284 million in economic impact. This prime location is also less than half a mile south of La Plaza Mall and just over a mile south of the intersection of 10th Street and Highway 83, a thriving retail hub in the Rio Grande Valley. Furthermore, its proximity to McAllen International Airport enhances its appeal to both business and leisure travelers. This property represents a compelling investment opportunity in a rapidly growing market, offering strong potential for return on investment. The asking price for this exceptional property is $3,000,000.

    Property Features for 3201 10Th St

    General Information

    Property type
    Hotels
    Lot Size
    58,153 SF

    Building Details

    Year Built
    1998

    HighLights

    • $3,000,000 asking price.
    • 1.335‑acre lot in McAllen, Texas.
    • 60‑room limited‑service hotel.
    • 20,352 square foot building (approx.).
    • 1998 construction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Deluxe Inn - Airport Motel ChargePoint Charging Station Electric Vehicle Charging Station Transmigrantes Felix Customs Broker Bert Ogden McAllen ... Bmw Dealer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -98.2319364
    Latitude
    26.1737334

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    FAQs

    What type of property is this?
    Hotel - Prime McAllen hotel, 60 rooms, high growth area.
    Where is this hotel located?
    The property is located at 3201 10Th St McAllen, TX.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: $3,000,000 asking price.; 1.335-acre lot in McAllen, Texas.; 60-room limited-service hotel.
    Request Owner's contact information
    3201 10Th St McAllen, TX 78503
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    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
    3201 10Th St McAllen, TX 78503
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