2721 10th St, Mcallen, TX 78503-3186
- Hotels
- 79,756 SF
- 3.71 lot acres
Current Use by Public Records
- RBG (Radisson Bar & Grill) / Bar & Pub / Restaurant
- Radisson Hotel McAllen Airport / Hotel & Motel
Property Details for 2721 10th St
- Year built
- 1980
- Lot size
- 3.71 lot acres
- Property type
- Hotels
- APN
- J7800-00-000-0001-01
- APU
- J780000000000101
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 8, 2019 | — | Mcallen Hospitality LLC | — | Deed · related | $4.9M · Rio Bk |
| Sep 21, 2017 | — | Mcallen Hospitality LLC | — | Deed · related | $2.9M · Rio Bk |
| Aug 10, 2016 | — | Mcallen Hospitality LLC | 2721 Dev LLC | Warranty Deed | $2M · Jayanti K Patel |
| Sep 19, 2013 | — | 2721 Development LLC | Texas Community Bank NA | Venders Lien | $675k · Texas Community Bank NA |
| May 8, 2013 | $750,000 | Texas Cmnty Bk | Moreno Rogelio | Trustees Deed · related | — |
| Sep 17, 2008 | — | Enterprise Twenty First Century INC | Surya Cornerstone Ltd | Venders Lien | $3.6M · Texas Community Bank |
| — | — | Mcallen Hospitality LLC | — | Deed Of Trust · related | $4.9M · Rio Bk |
| — | — | Mcallen Hospitality LLC | — | Deed Of Trust · related | $4.9M · Rio Bk |
| — | — | 2721 Dev LLC | — | Loan Modification · related | $600k · Texas Cmnty Bk |
| — | — | Mcallen Plaza INC | — | Deed Of Trust · related | $3M · International Bank Of Commerce |
| — | — | Surya Cornerstone Ltd | — | Deed Of Trust · related | $3.8M · Cathay Bank |
| — | — | Mcallen Hospitality LLC | — | Deed Of Trust · related | $2.9M · Rio Bk |
| — | — | Mcallen Hospitality LLC | — | Deed Of Trust · related | $4.9M · Rio Bk |
Description
This exceptional 150-key Radisson Hotel is offered at $16,395,000, representing a compelling $109,300 per key. Boasting 112,500 square feet on a 3.71-acre lot, this five-story property, built in 1975 and renovated in 2018, enjoys a prime location near McAllen International Airport (MFE) in McAllen, Texas (zip code 78503). Its strategic placement offers easy access to major highways, La Plaza Mall, and the McAllen Convention Center, attracting both business and leisure travelers. The hotel features a full-service restaurant, fitness center, outdoor pool, and flexible meeting spaces, catering to diverse guest needs. The property's strong financial performance is highlighted by an 8.51% cap rate and a net operating income (NOI) of $1,395,906. The hotel's consistent occupancy rates and robust revenue streams, combined with the established Radisson brand, present a solid investment opportunity with significant growth potential. The property is zoned CO (Commercial Office) and offers potential for expansion or rebranding. This fee-simple ownership opportunity provides a high-performing asset in a thriving Texas market.
Value Estimations
-
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $2,215,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Mcallen
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.2334
- Latitude
- 26.1777
- CBSA code
- 32580
- CBSA name
- MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
