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Property profile & analytics
OFF-MARKET
Motels

120 4th St Mcallen, TX 78501-2704

9,968 SF 0.62 ac lot Built 1985
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US82-4129300
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Motels
Use group MOTEL
Year built 1985
Total area 9,968 SF
Lot 0.62 ac (27,038 SF)
APN W6300-03-000-0001-00
UPID US82-4129300
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Studios On Fourth Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
4th Street Mcllen Tx LLC · 3 yrs held
4th Street Mcllen Tx LLC
since 2022
1 recorded transaction
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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