400 Date Palm AveMcAllen, TX 78501
- Mobile home & RV parks
- 780 SF
Property Details for 400 Date Palm Ave
- Year built
- 1963
- Lot size
- 10.31 AC
- Property size (Sq ft)
- 780 SF
- Property type
- Mobile home & RV parks
- APN
- H2550-00-008-0008-02
- APU
- H255000008000802
Description
This exceptional 4,588 square foot commercial property, located at 400 Date Palm Avenue in McAllen, Texas, presents a unique development opportunity. Situated on a 1.168-acre lot at the highly visible corner of 2nd Street and Date Palm Avenue, this site benefits from significant daily traffic counts. The property's prime location within a densely populated residential area ensures a strong local customer base for retail or neighborhood commercial ventures. The high visibility and accessibility make it an attractive option for businesses seeking to serve the immediate community. This location is perfect for businesses that cater to the needs of the surrounding residents, offering convenience and accessibility. The property's size and location make it suitable for a variety of commercial uses, capitalizing on the growing demand for services in this thriving area of McAllen. The intersection of 2nd Street and Date Palm Avenue is known for its high traffic volume, providing excellent exposure for any business operating from this location. This is a rare opportunity to acquire a strategically positioned commercial property in a rapidly developing residential area of McAllen. The asking price for this property is $765,000.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $148,110
- 6.5%
- $136,717
- 7%
- $126,951
-
Comparable approach
- Method
- Valuation
- Relative Method
- $78,694.70
- Geo Method
- $207,407
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $217,048
- Retail / Commercial
- $112,029
- Mixed-Use / Specialty
- $112,204
- Hospitality / Lodging
- $83,067.60
- Office
- $112,135
- Institutional / Educational
- $116,852
- Multifamily
- $160,789
- Automotive / Energy
- $100,159
- Parking / Income-Based Land
- $33,996.60
- Restaurant / Food Service
- $59,582.90
- Healthcare / Senior Housing
- $114,475
Location Insight
- City
- Mcallen
- County
- Hidalgo
- State
- Texas
- Latitude
- 26.2069
- Longitude
- -98.2216
- CBSA code
- 32580
- CBSA name
- MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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