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    Kennedy Ave McAllen, TX 78501

    For Sale
    $2,100,000

    Prime McAllen development land, C-3 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 6-acre commercial land parcel presents a remarkable investment opportunity in McAllen, Texas. Located at 0 Kennedy Avenue N, this property boasts a highly desirable C-3 General Business zoning designation, opening doors to a wide array of commercial development possibilities. The site's strategic location offers unparalleled accessibility, with close proximity to Business 83 and Expressway 83, ensuring high visibility and convenient access for potential businesses and customers. Adding to its appeal, this property enjoys a coveted position adjacent to Westside Park's soccer fields and pond, providing a tranquil and attractive setting. The 6-acre lot offers ample space for a variety of commercial ventures, from retail establishments and restaurants to office buildings and light industrial facilities. The asking price for this exceptional property is $2,100,000. This represents a significant opportunity for investors seeking to capitalize on the thriving McAllen commercial real estate market. The property's zoning and location combine to create a compelling investment proposition with substantial long-term growth potential. Further enhancing its desirability, the property is situated in Hidalgo County, Texas, with a zip code of 78501. The coordinates are 26.1974634 latitude and -98.2634519 longitude.

    Property Features for 0 Kennedy Ave

    General Information

    Property type
    Land
    Lot Size
    261,360 SF

    HighLights

    • Excellent access to Business Route 83 and Expressway 83.
    • C‑3 General Business zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2634519
    Latitude
    26.1974634

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    FAQs

    What type of property is this?
    Land - Prime McAllen development land, C-3 zoning.
    Where is this land located?
    The property is located at Kennedy Ave McAllen, TX.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: Excellent access to Business Route 83 and Expressway 83.; C-3 General Business zoning.;
    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
    Kennedy Ave McAllen, TX 78501
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