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$500,000

2255 Date Palm Ave, McAllen, TX, 78501

On MarketInfo
Just AddedInfo
Baths0 Bath
Baths700 Sq Ft
price_per_sqft$714.29 / sqft
Year BuiltBuilt in 1992

About this property

Excellent commercial opportunity located at 2255 Date Palm Ave in McAllen, Texas, just off 23rd Street and minutes from Business 83 (Old 83). Previously operated as a used car dealership, this versatile property offers approximately 300 square feet of office space and a 400-square-foot garage/shop, making it ideal for a variety of commercial uses. The site includes 8 on-site parking spaces and provides convenient access to major thoroughfares, surrounding businesses, and the greater McAllen metropolitan area. The flexible layout is well suited for automotive sales, auto repair, contractor services, professional offices, fleet operations, or other service-oriented businesses. Situated in a well-established commercial corridor with excellent accessibility, this property presents an outstanding opportunity for both owner-users and investors seeking a strategically located commercial asset.

Investor Tools

$0Estimated Mortgage Balance
$114,873Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,000 /month
Positive
Cash Flow Estimate:
$1,000 /month

Interested in this property?

Alvaro Longoria

Stellar Equity Real Estate LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$188/month
No HOA
5.947%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: McAllen

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2255 Date Palm Ave | Property Details | No Agent List