113 Us Hwy 83 Hwy McAllen, TX 78501
- Land
Current Use by Public Records
- Land
Property Details for 113 Us Hwy 83 Hwy
- Year built
- 1994
- Property type
- Land
Description
This exceptional 6,524.85 square foot commercial land parcel presents a remarkable investment opportunity in the thriving city of McAllen, Texas. Situated at 113 W US Highway 83, this property boasts a prime location, offering unparalleled visibility and accessibility. Built in 1994, the lot's strategic placement on West Business 83 and 2nd Street places it directly across from the University Draft House, ensuring high foot and vehicle traffic. The property includes a significant advantage: a gated, private parking lot providing an additional 20-25 parking spaces, a valuable asset for any business. This presents a unique opportunity for investors seeking passive income through leasing or for businesses aiming to establish a presence in a high-traffic area. The asking price is $630,000. A lease option is also available at $4,500 per month, requiring a minimum two-year commitment. This property's potential is limitless, making it an ideal investment for those seeking a strong return in a dynamic commercial market. The property is located in Hidalgo County, Texas, zip code 78501.
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
- -98.2503
- Latitude
- 26.207
