Kennedy Ave McAllen, TX 78501
- Land
- 6.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 Kennedy Ave
- Lot size
- 6.00 lot acres
- Property type
- Land
Description
This exceptional 6-acre commercial land parcel presents a unique investment opportunity in McAllen, Texas. Ideally situated on newly constructed Kennedy Avenue, between Ware Road and Bentsen Road, this fee-simple property boasts a prime location just two blocks from Interstate 2/Expressway 83, ensuring convenient access and high visibility. The site offers sweeping views of Westside Park, including a pond, playing fields, and a direct connection to the McAllen Nature Center, featuring miles of trails through diverse natural habitats. This park-side setting provides a tranquil and attractive backdrop for a hotel development. The property's proximity to the McAllen Convention Center and Performing Arts Center, along with the nearby shopping and entertainment options at Palms Crossing Complex, creates a synergistic environment ideal for attracting guests and maximizing occupancy rates. Utilities are already in place, allowing for immediate development commencement, minimizing project timelines and costs. The property is zoned for commercial use, making it perfectly suited for a hotel project. This is a rare opportunity to acquire a well-positioned, ready-to-develop site in a thriving Texas market. The asking price is $2,100,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- McAllen
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.271
- Latitude
- 26.1991
