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    4620 Ware Rd McAllen, TX 78504

    For Sale
    $590,000

    High-traffic McAllen land with existing income.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 2.083-acre commercial land parcel, located at 4620 N Ware Road in McAllen, Texas, presents a compelling investment opportunity. Situated in a high-traffic area with excellent visibility, this property offers significant potential for diverse business development. Built in 1971, the land currently generates cash flow from a four-plex apartment building, two single-family homes, and two lots with mobile homes, all currently leased. This existing income stream provides immediate return on investment while allowing for future development plans. The property's prime location on Ware Road at Buddy Owens ensures high visibility and accessibility, making it ideal for a variety of commercial ventures. The 78504 zip code further underscores its strategic position within the thriving McAllen market. With its substantial size and existing income-producing assets, this property is poised for significant growth and offers a rare blend of immediate return and long-term development potential. The property is zoned for commercial use, allowing for a wide range of development possibilities. This is a unique chance to acquire a well-located, income-generating property with substantial upside potential. The asking price for this exceptional opportunity is $590,000.

    Property Features for 4620 Ware Rd

    General Information

    Property type
    Land
    Lot Size
    90,735 SF

    Building Details

    Year Built
    1971
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -98.2537532
    Latitude
    26.2502962

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    FAQs

    What type of property is this?
    Land - High-traffic McAllen land with existing income.
    Where is this land located?
    The property is located at 4620 Ware Rd McAllen, TX.
    What is the asking price?
    The asking price for this property is $590,000.
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    4620 Ware Rd McAllen, TX 78504
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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
    4620 Ware Rd McAllen, TX 78504
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