Property profile

5121 Business 83 Hwy McAllen, TX 78501

OFF-MARKET
Land
6.13 ac lot
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Property summary

AI-generated overview

This exceptional 6.133-acre commercial property in McAllen, Texas, is situated on the southeast corner of Taylor Road and Business 83 Highway, offering unparalleled visibility and accessibility. The property boasts superb commercial frontage along both major roadways, providing excellent exposure to high traffic counts. Its strategic location offers quick and easy access to the expressway, making it ideal for a variety of commercial developments. Currently featuring two existing dwellings (sold "as is"), this prime corner lot presents a unique opportunity for expansion and growth. The area is characterized by consistent growth and a high density of residential rooftops, ensuring a strong customer base. The property's proximity to Shary Road (west) and Ware Road (east) further enhances its desirability. This is a rare chance to acquire a significant parcel in a thriving commercial corridor, ripe for development and investment. The possibilities are endless, from a commercial center to other ventures. Don't miss this chance to secure a piece of McAllen's vibrant commercial landscape. The property is located at 5121 W Business 83 Highway, McAllen, TX 78501, in Hidalgo County. The asking price is $2,200,000.

Property profile

Verified
Property type Land
Lot 6.13 ac (267,153 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5121 Business 83 Hwy McAllen, TX 78501
McAllen metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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