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    1000 Ware Rd McAllen, TX 78501

    Sponsored
    For Sale
    $2,600,000

    Prime McAllen location, high visibility, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional 4.64-acre commercial land parcel is strategically located on Ware Road in McAllen, Texas, boasting significant frontage. The property's previous use as the McAllen Parks and Recreation Office provides a solid foundation for redevelopment or repurposing. Its prime location offers unparalleled visibility and accessibility, situated in close proximity to the McAllen Convention Center and the vibrant Las Palmas Shopping Area. This bustling area is home to numerous hotels and restaurants, ensuring high traffic volume and a strong customer base for any commercial venture. The 78501 zip code further underscores the desirability of this location. The expansive lot size presents a unique opportunity for developers seeking to capitalize on the area's growth and demand for commercial space. This property is ideal for a wide range of commercial uses, offering significant potential for return on investment. With its excellent location, ample space, and high visibility, this land parcel represents a rare opportunity to establish a thriving business in a thriving McAllen market. The property is priced at $2,600,000.

    Property Features for 1000 Ware Rd

    General Information

    Property type
    Land
    Lot Size
    202,118 SF

    HighLights

    • 4.64‑acre commercial land parcel on Ware Road, McAllen, TX.
    • Previously the McAllen Parks and Recreation Office, ideal for redevelopment.
    • High visibility and accessibility near the McAllen Convention Center and Las Palmas Shopping Area.
    • Located in the desirable 78501 zip code, with high traffic volume and strong customer base.
    • Priced at $2,600,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ramiro Guerro Park Park Westside Park and Field City Park

    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
    -98.2646092
    Latitude
    26.1988662

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    FAQs

    What type of property is this?
    Land - Prime McAllen location, high visibility, development potential.
    Where is this land located?
    The property is located at 1000 Ware Rd McAllen, TX.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: 4.64-acre commercial land parcel on Ware Road, McAllen, TX.; Previously the McAllen Parks and Recreation Office, ideal for redevelopment.; High visibility and accessibility near the McAllen Convention Center and Las Palmas Shopping Area.
    Request Owner's contact information
    1000 Ware Rd 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
    1000 Ware Rd McAllen, TX 78501
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