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Property profile & analytics
OFF-MARKET
Apartment buildings

701 12th St Mcallen, TX 78501-5052

5,668 SF 0.16 ac lot Built 1971
Entity Owned 3-yr Hold Free & Clear
Property ID
US82-3929730
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1971
Total area 5,668 SF
Lot 0.16 ac (7,000 SF)
APN M1950-00-063-0007-00
UPID US82-3929730
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Espino Construction LLC · 3 yrs held
Espino Construction LLC
since 2022
4 recorded transactions
2022
Price N/A
2020
Price N/A
2016
Price N/A
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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