1324 Expy 83, Mcallen, TX 78503
- Retail space
- 14,257 SF
- 3.86 lot acres
Current Use by Public Records
- Azhar's Oriental Rugs / Carpet & Flooring Store
- Roofing Repairs / Roofing Company / General Contractor
Property Details for 1324 Expy 83
- Year built
- 1985
- Lot size
- 3.86 lot acres
- Property type
- Retail space
- APN
- H2550-00-007-0015-10
- APU
- H255000007001510
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 19, 2019 | — | Rigin INC | — | Deed · related | $238k · Lone Star Nat'l Bk |
| Feb 14, 2018 | — | Rigin INC | — | Deed · related | $269k · Lone Star Nat'l Bk |
| Mar 20, 2017 | — | St Johns Episcopal Church | Koelle,coylie E | Grant Deed · related | — |
| Jan 25, 2010 | — | Rigin INC | — | Trustees Deed · related | $3.5M · Lone Star National Bank |
| Aug 3, 2009 | — | Rigin INC | — | Trustees Deed · related | $3.4M · Lone Star National Bank |
| Oct 22, 2007 | — | Rigin INC | — | Trustees Deed · related | $142k · Lone Star National Bank |
| Jul 11, 2006 | — | Rigin INC | — | Trustees Deed · related | $142k · Lone Star National Bank |
| Jun 8, 2006 | — | Azhar Said | — | Trustees Deed · related | $465k · Texstar National Bank |
| Dec 14, 2004 | — | Rigin INC | — | Trustees Deed · related | $465k · Texstar National Bank |
| — | — | Rigin INC | — | Loan Modification · related | $3.5M · Lone Star Nat'l Bk |
| — | — | Rigin INC | — | Deed Of Trust · related | $269k · Lone Star Nat'l Bk |
| — | — | Rigin INC | — | Loan Modification · related | $238k · Lone Star Nat'l Bk |
| — | — | Rigin INC | — | Loan Modification · related | $269k · Lone Star Nat'l Bk |
| — | — | Rigin INC | — | Deed Of Trust · related | $3.7M · Lone Star National Bank |
| — | — | Rigin INC | — | Deed Of Trust · related | $3.5M · Lone Star National Bank |
Description
This exceptional 3.86-acre commercial property presents a rare investment opportunity in the thriving Downtown McAllen submarket. Located at 1324 W Expressway 83, this hard-corner lot boasts unparalleled visibility and accessibility, situated directly across from La Plaza Mall. The property includes a 16,500 square foot, single-story, Class B retail building constructed in 1985, currently vacant and offering significant redevelopment potential. The site features 685 feet of frontage on Highway 83, providing exceptional exposure to the high traffic volume of over 113,000 vehicles daily. Two convenient curb cuts ensure easy ingress and egress. With a C-3 zoning designation, the property is ideally suited for a variety of uses, including retail, office, or hotel development. The ample 3.86-acre lot size allows for substantial expansion or redevelopment opportunities. The existing building has approximately 50 surface parking spaces, offering a parking ratio of 4.00 per 1,000 square feet. The property's Hidalgo County location, with a McAllen, TX 78501 zip code, and its proximity to major thoroughfares and retail centers, makes it an attractive investment for both developers and end-users. The property's APN is H2550-00-007-0015-10. This is a truly unique opportunity to acquire a significant commercial property in a high-demand location.
Value Estimations
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $805,000 Current use
- RESTAURANT
- $1,240,000 Change: +55% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $1,175,000 Change: +46% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Mcallen
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.2356
- Latitude
- 26.1907
- CBSA code
- 32580
- CBSA name
- MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
