$1,743,231
For Sale

717 E Ridge Road

McAllen, TX 78503
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Description

This unique property is suitable for retail, restaurant, banking, hospitality, medical. 2021 population in 5 miles 140,000 (plus hundreds of thousands per year Mexican shoppers). All major US banks have a presence in this area. High demand for restaurants targeting local and Mexican consumers. FEMA flooding map shows the property OUT of flooding zones. Traffic at the property is 21,000 cars per day, while one block North on Expressway 83 is 127,000 CPD. All major retailers, food chains, banks, hospitals, La Plaza Mall, McAllen's International airport are within a short distance.The hotel's average annual occupancy in the area is extremely high due to consumers from Mexico. Two lots for this property ( lot 2 with 1.07 acres and lot 6 with 1.27 acres), current use: agricultural, zoned commercial. Adjacent parcels are available if the buyer is looking for a larger tract of land. video https://youtu.be/CZTa5jsLMoE
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  • Property Details
    • Property
      • Lot description:Curb Gutters
    • Measurements
      • Acres:1.07899
  • Construction Details
    • Type & Style
      • Property type:Purchase
  • Utilities / Energy Details
    • Utility
      • Sewer information:City Sewer
      • Utility source:Public, City
      • Utility features:City Garbage, Electricity Connected, Water Connected, Sewer Connected, Phone Connected
  • Community and Neighborhood Details
    • Location
      • Elementary School:FIELDS
      • Middle School:Travis
      • High School:McAllen H.S.
      • County:Hidalgo
    • Community
      • Subdivision:San Sebastian
  • Financial Details
    • Pricing Details
      • Original List Price:$1, 743, 231
  • Other
    • Source
      • MLS #:372827

Location

Ricky AllenReal Estate Group
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