3701 Expressway 83McAllen, TX 78503

Property Details for 3701 Expressway 83

Year built

2008

Lot size

1.57 AC

Property size (Sq ft)

8,790 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

S6432-02-000-0005-00

APU

S643202000000500

Description

Stone Oak Plaza, a single-story, 9,236 square foot retail building constructed in 2019, presents a prime opportunity in McAllen, Texas. Located at 3701 W Expy 83, McAllen, TX 78503, this property boasts a substantial 68,465-acre lot and benefits from its position in a high-traffic retail district with excellent visibility. Currently, 3,000 square feet of retail space is available for lease within the single suite building. The plaza enjoys convenient access to major arterial roads, providing easy connectivity to I-2. The property is zoned for commercial use and is situated in the McAllen submarket. While there are no elevators, the building does have power. This location offers businesses significant exposure to a dense retail environment. The property's address is easily accessible via Expressway 83. This is an exceptional opportunity for businesses seeking high visibility and convenient access in a thriving retail area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,775,650

  6.5%

  $1,639,062

  7%

  $1,521,986

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,910,092

  Geo Method

  $5,034,212

• Alternative Use

  Use

  Valuation

  Residential

  $1,382,610

  Hospitality

  $1,266,463

  Educational

  $1,053,682

  Medical

  $1,089,920

  Retail

  $1,639,062

Location Insight

City

Mcallen

County

Hidalgo

State

Texas

Latitude

26.1938

Longitude

-98.2643

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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