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Property profile & analytics
OFF-MARKET Estimated value $710,000
Grocery and convenience stores

2900 Nolana Ave Mcallen, TX 78504-4589

4,588 SF 1.27 ac lot Built 2004
Entity Owned 3-yr Hold Free & Clear
Property ID
US82-3505690
Property summary
AI-generated overview

This exceptional 5.46-acre commercial land parcel in McAllen, Texas, presents a remarkable investment opportunity. Located at the intersection of 29th Street and Nolana Avenue in Hidalgo County, zip code 78504, this property boasts unparalleled visibility from Nolana Avenue, a major thoroughfare. The asking price is $2,400,000, translating to a land value of $10 per square foot. The site's strategic position ensures high traffic volume, further enhanced by its proximity to McAllen's Public Library and a cluster of established businesses. These include Dunkin' Donuts, Jersey Mike's Subs, Take 5 Oil Change, McDonald's, Starbucks, Walmart, Chick-fil-A, Chase Bank, Jack in the Box, and BlueWave Carwash, creating a vibrant and densely populated commercial area. This pad site is ready for development and offers significant potential for a variety of commercial uses, capitalizing on the existing high foot traffic and strong brand recognition of neighboring establishments. The property's location ensures easy access and exceptional visibility, making it an ideal location for businesses seeking high exposure and a thriving commercial environment. This is a rare opportunity to acquire a prime commercial land parcel in a rapidly growing area of McAllen.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 2004
Total area 4,588 SF
Lot 1.27 ac (55,204 SF)
Zoning code CO
APN J1960-00-000-0001-00
UPID US82-3505690
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
  • Stripes #2273 Grocery & Convenience Store
  • Western Union Bank Credit Union
  • 24/7 Tow Truck McAllen TX - Towing Service Auto Repair Shop
  • Redbox Cinema (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$639k
Blend (final) Blend
$710k
Owner & transaction history
Mdc Coastal 5 LLC · 3 yrs held
Mdc Coastal 5 LLC
since 2023
7 recorded transactions
2023
Price N/A
2023
Price N/A
2022
Price N/A
2018
Price N/A
2005
Price N/A
2004
Price N/A
2004
Price N/A
Zoning & alternative use
CO · Mcallen, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $635,000 +44.9%
Office building $530,000 +21.0%
Medical building $450,000 +2.3%
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