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 & Grill / Bar
- Radisson Hotel McAllen Airport / Hotel
Property Details for 2721 10th St
- Year built
- 1980
- Lot size
- 3.71 lot acres
- Property size
- 79,756 SF
- Property type
- Hotels
- APN
- J7800-00-000-0001-01
- APU
- J780000000000101
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 Estimation
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CAP approach
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Alternative Use
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
