14.82 ± AC | Development Opportunity North McAllen

Investment Overview

SVN | Hanna Solutions Commercial Real Estate is pleased to present ±14.82 acres of unimproved land at the southeast corner of North 23rd Street and Freddy Gonzalez Road in North McAllen, TX. The property offers a strong development opportunity for a developer looking to establish a new project in North McAllen and capitalize on its location within an established residential area, with single-family neighborhoods surrounding the property. The site provides full hard-corner control with approximately 1,106 feet of frontage along North 23rd St & approximately 667± feet along Freddy Gonzalez Rd. City of McAllen mapping shows a main water line along the Freddy Gonzalez Road frontage with a valved tee and fire hydrant at the corner, along with 54-inch and 24-inch/30-inch storm drainage mains along the frontages. Sanitary sewer will require extension. Zoned R-1, with C-3 and C-3L commercial zoning already established on the opposing corners of the same intersection. The site’s scale, frontage, and corner position provide an opportunity to incorporate a Mixed-Use Development. Allowing for a commercial component at the intersection with residential development across the balance of the property, subject to rezoning and applicable approvals. Surrounded by established single-family neighborhoods, the property offers a developer the opportunity to capitalize on the existing residential base and bring a new development to North McAllen.

Investment Highlights

• Asking Price: $2,500,000 | $168,588.68/AC | $3.87/SF
• ​As per survey, (Gross Acreage: 15.891 ±AC | Net Acreage: 14.826 ±AC
• ±14.82 Acres | 645,951.24 SF | Two Contiguous Parcels, One Ownership
• Full Hard Corner Control — SE Corner of N 23rd Street & Freddy Gonzalez Road
• Established Single-Family Neighborhoods and Existing School Adjoin on Three Sides
• Inside McAllen City Limits | Hidalgo County | Edinburg ISD
• HCAD Property IDs: 664493 and 297643
• ±1,216' Frontage Along N 23rd Street*
• ±667' Frontage Along Freddy Gonzalez Road*
• (Frontage)-Lot Dimensions: 1,215' x 667'
• Level Topography Unimproved, No Demolition Cost
• Zoned R-1, Single Family Residential — City of McAllen
• C-3 and C-3L Commercial Zoning on Opposing Corners of Same Intersection
• Potable Water Main Along Freddy Gonzalez Frontage — Valved Tee & Fire Hydrant at Corner
• 54" Storm Drainage Main Along Freddy Gonzalez Road Frontage
• 24" / 20" Storm Drainage Main Along N 23rd Street Frontage
• Sanitary Sewer Extension Required — Nearest Mapped Mains: 10" (Freddy Gonzalez, West of N 23rd) and 8" (South Edge of Tract)