2604 North Ware Road, McAllen, TX, 78501

2604 North Ware Road McAllen, TX 78501

2604 North Ware Road, McAllen, TX, 78501
2604 North Ware Road, McAllen, TX, 78501 2604 North Ware Road, McAllen, TX, 78501 2604 North Ware Road, McAllen, TX, 78501 2604 North Ware Road, McAllen, TX, 78501 2604 North Ware Road, McAllen, TX, 78501 2604 North Ware Road, McAllen, TX, 78501 2604 North Ware Road, McAllen, TX, 78501
FOR SALE
Property Type:
Other Land
Amount:
$580,000
Last Verified:
May 11, 2024

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Highlights

  • 2.61 Acres
  • 1,146 sqft home
  • 32,843 daily traffic counts trough Ware Rd
  • Potential for multifamily, commercial, etc, rezone

Description

Calling all Investors! This 2.61 Acre site lends an exciting opportunity for multi-family development, storage units, or multi-use! The house (MLS #421649) is in good shape with only one family that built and lived it for decades. Use it for Leasing Office/Commercial or Single Family income producing property. Build out the 2 acres as a quality, multi-family development that is designed to meet today's market needs. It is blank slate ... get creative! Sold with MLS #421649

Excellent development opportunities surrounding the property located in McAllen, TX. Situated in a thriving city known for its dynamic business environment, the area is a prime location for land and other real estate investors. With the bustling McAllen Convention Center and the upscale shopping and dining experiences at La Plaza Mall just a short drive away, the location offers access to excellent amenities and attractions. Additionally, the proximity to the Mexico border offers unique possibilities for cross-border business ventures. The blend of commercial, residential, and recreational facilities in the surrounding area makes it an enticing prospect for savvy investors.


Year Built: 1985
Building Size: 1146sq ft
Building Class: A
Lot Size: 2.61 acres


Documents

RE/MAX Offering Memorandum

Map of 2604 North Ware Road, McAllen, TX, 78501

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.