2301 Fm 493Donna, TX 78537

Property Details for 2301 Fm 493

Year built

1988

Lot size

10.53 AC

Property size (Sq ft)

3,620 SF

Property type

Industrial properties

Property subtype

Industrial live-work properties

APN

L0250-00-021-0010-00

APU

L025000021001000

Description

This exceptional 9.5-acre commercial land parcel presents a unique investment opportunity in Donna, Texas. Located at 2301 N FM 493 Street N, this property boasts a highly desirable location directly across from a Walmart, ensuring high visibility and significant foot traffic. The expansive lot size offers considerable potential for a variety of commercial developments, catering to the growing needs of the community. Built in 1984, this land provides a blank canvas for ambitious projects, allowing for customized construction to meet specific business requirements. The property's strategic positioning near a major retail anchor promises strong returns on investment. With its convenient access and prime location in Hidalgo County, this 9.5-acre tract is an ideal choice for developers seeking a high-impact commercial venture. The property's address is 2301 N FM 493 Street N, Donna, TX 78537. The asking price for this exceptional commercial land is $1,800,000. This represents a compelling opportunity to acquire a significant piece of commercial real estate in a thriving Texas market. The property's size and location make it an attractive proposition for a wide range of commercial uses.

• CAP approach

  CAP return

  Valuation

  6%

  $616,853

  6.5%

  $569,402

  7%

  $528,731

• Comparable approach

  Method

  Valuation

  Relative Method

  $483,844

  Geo Method

  $1,275,212

• Alternative Use

  Use

  Valuation

  Residential

  $569,402

  Hospitality

  $521,570

  Educational

  $433,940

  Medical

  $448,864

  Retail

  $675,017

Location Insight

City

Donna

County

Hidalgo

State

Texas

Latitude

26.1839

Longitude

-98.043

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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