701 12th St Mcallen, TX 78501-5052
This exceptional 0.16-acre commercial land parcel presents a remarkable investment opportunity in McAllen, Texas. Located at 701 S 12th Street, this property boasts a prime location on the southeast corner of 12th Street and Galveston Avenue, ensuring high visibility and accessibility. The B1 zoning permits a variety of commercial uses, making it suitable for diverse development projects or businesses seeking a high-traffic location to establish or expand their operations. The open land offers significant potential for constructing a new building tailored to specific business needs, capitalizing on the area's bustling activity. This property is situated in Hidalgo County, Texas, with a zip code of 78501, and its coordinates are 26.1971537 latitude and -98.2330638 longitude. The asking price for this strategically positioned commercial land is $239,000. Given its location and zoning, this represents a compelling opportunity for investors and entrepreneurs alike to establish a thriving business in a vibrant commercial area. The high-traffic nature of the corner lot ensures maximum exposure and potential for customer interaction.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.