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    901 Rdg Ave McAllen, TX 78503

    For Sale
    $1,870,000

    Prime McAllen development land, high visibility, I-2 access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 2.68-acre commercial land parcel presents a remarkable development opportunity in McAllen, Texas. Located at 901 E Ridge Avenue, the property boasts unparalleled visibility and accessibility due to its strategic placement along East Ridge Road. Its proximity to Interstate 2 provides convenient access for customers and employees. The site benefits from its adjacency to a cluster of major retailers, restaurants, and prominent healthcare facilities, including Driscoll Children's Hospital, Rio Grande Regional Hospital, and STHS Heart Hospital. This high-traffic area ensures significant exposure for any commercial venture. The expansive lot size offers ample space for a variety of development projects, making it suitable for retail, hospitality, or other commercial uses. The property's location in Hidalgo County, Texas, zip code 78503, offers a thriving market and strong potential for return on investment. This is a rare opportunity to acquire a prime commercial land parcel in a rapidly growing area with exceptional visibility and access. The asking price for this exceptional property is $1,870,000.

    Property Features for 901 Rdg Ave

    General Information

    Property type
    Land
    Lot Size
    116,784 SF

    HighLights

    • 2.68‑acre commercial land parcel in McAllen, Texas.
    • High visibility and accessibility on East Ridge Road, near I‑2.
    • Adjacent to major retailers, restaurants, and hospitals (Driscoll Children's, Rio Grande Regional, STHS Heart).
    • Suitable for retail, hospitality, or other commercial uses.
    • Asking price: $1,870,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2133759
    Latitude
    26.1849229

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    FAQs

    What type of property is this?
    Land - Prime McAllen development land, high visibility, I-2 access.
    Where is this land located?
    The property is located at 901 Rdg Ave McAllen, TX.
    What is the asking price?
    The asking price for this property is $1,870,000.
    What are key features of this property?
    This property features: 2.68-acre commercial land parcel in McAllen, Texas.; High visibility and accessibility on East Ridge Road, near I-2.; Adjacent to major retailers, restaurants, and hospitals (Driscoll Children's, Rio Grande Regional, STHS Heart).
    Request Owner's contact information
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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
    901 Rdg Ave McAllen, TX 78503
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