120 4th St Mcallen, TX 78501-2704
This exceptional commercial land investment opportunity in McAllen, Texas, presents a rare chance to acquire a thriving property at 120 S 4th Street, 78501. The property boasts a substantial 27,036.82 square foot lot, featuring two Class B buildings constructed and renovated in 2024. The single-story structures house a total of 29 units, all professionally remodeled with high-quality finishes and fully furnished for immediate occupancy. Each unit includes smart TVs, comfortable beds, dining areas, kitchenettes, and in-unit washer/dryers, catering to a specific niche in the local rental market. The property's strategic location places it within walking distance of popular retail and restaurants, and near the high-traffic intersection of Business 83 and 2nd Street, ensuring strong visibility and accessibility. The property is zoned C, offering flexibility for future development or continued operation as a rental property. The asking price is $2,500,000. This turnkey investment promises a significant return on investment due to its prime location, modern amenities, and high occupancy potential. Don't miss this opportunity to acquire a well-established and profitable commercial property in a thriving Texas market.
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Studios On Fourth Hotel & Motel
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.