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    411 Expressway 83 San Juan, TX 78589

    For Sale
    $6,900,000

    11-Acre Development Opportunity in San Juan, TX

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 11.02-acre commercial property, located at 502/411 E Expressway 83, San Juan, Texas 78589, presents a prime development opportunity. Boasting 357 feet of frontage on Expressway 83, this high-visibility site offers unparalleled access and exposure. The property is situated in Hidalgo County, within a rapidly growing area, surrounded by luxury car dealerships, ensuring high traffic volume and strong potential for future growth. Currently zoned for retail and warehouse use, the existing improvements contribute some value, but the highest and best use is for redevelopment. The expansive lot size allows for a variety of development options, including master-planned retail centers, hotels, restaurants, shops, and multi-family residential projects. This location provides easy access to Highway 281, further enhancing its strategic appeal. The asking price is $6,900,000. Built in 1985, this property is ready for an investor with a vision to capitalize on the area's booming demand. This is an exceptional chance to shape the future of this vibrant commercial corridor.

    Property Features for 411 Expressway 83

    General Information

    Property type
    Distribution properties
    Lot Size
    480,031 SF

    Building Details

    Year Built
    1985
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    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
    San Juan
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1478959
    Latitude
    26.1964847

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    FAQs

    What type of property is this?
    Distribution property - 11-Acre Development Opportunity in San Juan, TX
    Where is this distribution property located?
    The property is located at 411 Expressway 83 San Juan, TX.
    What is the asking price?
    The asking price for this property is $6,900,000.
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    411 Expressway 83 San Juan, TX 78589
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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
    411 Expressway 83 San Juan, TX 78589
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