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    1324 Primrose Ave McAllen, TX 78501

    Sponsored
    For Sale
    $8,395,000

    17.47 Acres, $8.395M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 17.47-acre commercial property, located at 1324 A E Primrose Avenue in McAllen, Texas, presents a significant investment opportunity. Built in 2019, this special-purpose property boasts a prime location near the Nolana and Jackson intersection, offering excellent visibility and accessibility. The expansive lot size provides ample space for a wide range of development projects. Potential uses could include, but are not limited to, a retail complex, medical facility, bank branch, fitness center, office building, or other commercial development. The property's zoning and permitted uses are subject to approval by the City of McAllen and other relevant governmental authorities

    Property Features for 1324 Primrose Ave

    General Information

    Property type
    Specialty properties
    Lot Size
    760,993 SF

    Building Details

    Year Built
    2019

    HighLights

    • 17.47‑acre commercial lot at 1324 A E Primrose Avenue, McAllen, TX.
    • Built in 2019, offering excellent visibility and accessibility near Nolana and Jackson intersection.
    • Ample space for various commercial developments, including retail, medical, or office uses.
    • Zoning and permitted uses subject to City of McAllen approval.
    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
    -98.2265637
    Latitude
    26.2413358

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    FAQs

    What type of property is this?
    Specialty property - 17.47 Acres, $8.395M
    Where is this specialty property located?
    The property is located at 1324 Primrose Ave McAllen, TX.
    What is the asking price?
    The asking price for this property is $8,395,000.
    What are key features of this property?
    This property features: 17.47-acre commercial lot at 1324 A E Primrose Avenue, McAllen, TX.; Built in 2019, offering excellent visibility and accessibility near Nolana and Jackson intersection.; Ample space for various commercial developments, including retail, medical, or office uses.
    (956) 682-3000
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    1324 Primrose Ave 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
    1324 Primrose Ave McAllen, TX 78501
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