4513 Us Highway 83McAllen, TX 78501

Property Details for 4513 Us Highway 83

Year built

2003

Lot size

0.72 AC

Property size (Sq ft)

8,040 SF

Zone code

CO

Property type

Assisted living facilities

Property subtype

Retirement homes

APN

B2835-00-000-0001-00

APU

B283500000000100

Description

This exceptional commercial property, located at 4513 W US Highway 83 in McAllen, Texas, presents a unique investment opportunity. Built in 2003, the 8,040 square foot building sits on a substantial 31,493.88 square foot lot and is ideally suited for a variety of uses, including law offices, dental or medical practices, corporate offices, or daycare centers. Previously utilized as an assisted living facility, the property boasts 14 resident rooms, each with a private full bathroom. In addition, there are six generously sized private offices, a reception desk, and a welcoming front lobby. The building also features a large open central area perfect for meetings or gatherings. The kitchen is equipped with a grease trap, reverse osmosis system, and water softener. Ample parking is provided by a striped asphalt lot accommodating 17 vehicles, with additional green space available in the side and back yards, offering potential for outdoor employee or resident use. The property is ADA compliant. While some renovations may be needed, this presents a compelling opportunity for ownership or investment in a prime McAllen location. The property's zoning and permitted uses should be verified independently.

• CAP approach

  CAP return

  Valuation

  6%

  $1,080,001

  6.5%

  $996,924

  7%

  $925,715

• Comparable approach

  Method

  Valuation

  Relative Method

  $797,295

  Geo Method

  $2,101,338

• Alternative Use

  Use

  Valuation

  Residential

  $1,264,640

  Hospitality

  $1,158,403

  Educational

  $963,778

  Medical

  $996,924

  Retail

  $1,499,210

Location Insight

City

Mcallen

County

Hidalgo

State

Texas

Latitude

26.2087

Longitude

-98.2713

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].