400 Date Palm St McAllen, TX 78501
This exceptional 1.16-acre commercial land parcel in McAllen, Texas, presents a prime development opportunity. Located at the bustling intersection of 2nd Street and Date Palm Avenue, this property boasts high visibility and accessibility, situated within a dense residential area. Currently zoned for C3 General Commercial use, it offers significant flexibility for various commercial developments. The site comprises two tracts: Tract I (0.338 acres, 14,706 sq ft, 76 ft x 213.5 ft) and Tract II (0.83 acres, 35,982 sq ft, 201 ft x 243.5 ft), allowing for multiple configuration options. This strategic location ensures strong demand for convenience-based services, making it ideal for retail centers, restaurants, medical offices, or service-oriented businesses. McAllen's rapid growth and the property's high visibility at a major intersection create a compelling investment opportunity to serve the thriving residential community. The property's zoning allows for a variety of uses, including but not limited to retail establishments, professional offices, medical facilities, and service businesses. This is a rare chance to capitalize on McAllen's booming market and establish a successful commercial venture in a high-demand area. The asking price is $765,000. The property's address is 400 Date Palm St, McAllen, TX 78501, and the zip code is 78501. The property is located in Hidalgo County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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