501 10Th StMcAllen, TX 78501

Property Details for 501 10Th St

Year built

1985

Lot size

0.32 AC

Property size (Sq ft)

2,822 SF

Property type

Office buildings

APN

N5400-00-017-0005-00

APU

N540000017000500

Description

This exceptional investment opportunity presents a profitable 75-key motel, the Siesta Inn, ideally situated in McAllen, Texas. Boasting a prime location on South 10th Street, this property is in the heart of McAllen's economic activity, close to downtown. The 28,400 square foot motel, built in 1980 and extensively renovated in 2022, sits on a 1.62-acre lot and comprises two buildings. The property's 75 keys offer significant income potential, with strong financial performance in 2022. Its central location provides easy access to numerous nearby amenities, including Santa Fe Steakhouse, Macy's, Dillard's, PNC Bank, Suerte Bar & Grill, Wings & Rings, Mori, Yard House, Armani Exchange, De Jarvis, Taco Palenque, and Pollo Palenque. This turnkey opportunity is perfect for investors seeking a well-established, recently updated hospitality asset in a thriving Texas market. The property's APN is S6050-00-000-0002-05. This is a ground lease-free property. All inquiries should be directed through the appropriate channels. Please refrain from visiting the property or contacting staff.

• CAP approach

  CAP return

  Valuation

  6%

  $387,800

  6.5%

  $357,970

  7%

  $332,400

• Comparable approach

  Method

  Valuation

  Relative Method

  $243,345

  Geo Method

  $641,356

• Alternative Use

  Use

  Valuation

  Residential

  $443,882

  Hospitality

  $406,594

  Educational

  $338,281

  Medical

  $349,915

  Retail

  $526,215

Location Insight

City

Mcallen

County

Hidalgo

State

Texas

Latitude

26.208

Longitude

-98.2295

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].