700 W Expressway 83 - Hospitality FOR SALE


McAllen, TX 78501- Downtown McAllen
$800,000 USD
540-522-9115
700 W Expressway 83, McAllen, TX for Sale
$800,000 USD
Hospitality - FOR SALE
1/13
null | Request Cap Rate

700 W Expressway 83
McAllen, TX 78501
Downtown McAllen


OVERVIEW

Register to bid and access due diligence documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/2934 Starting Bid: $800,000 Auction Event: March 3-5, 2026 This economy, limited-service Hotel features 93 guest rooms across two stories. Originally constructed in 1974 on a 1.65-acre parcel, the Property encompasses approximately 23,464 square feet of gross building area and includes 62 parking spaces. The Hotel offers essential guest amenities including high-speed internet access, public-area WiFi, outdoor pool, and a patio, catering to value-oriented transient and extended-stay guests. Strategically located along West Expressway 83, one of McAllen’s primary commercial corridors, the Property benefits from excellent visibility and access to the city’s most prominent demand generators. McAllen Miller International Airport, located approximately 1.7 miles from the Hotel, serves as a major regional gateway for both leisure and business travel. Retail and convention-driven demand is supported by La Plaza Mall and the McAllen Convention Center, which hosts conferences, trade shows, and community events throughout the year. The Hotel is also located less than two miles from South Texas Health System – McAllen and Rio Grande Regional Hospital, which maintains a Level III Trauma and NICU with 320 beds. Together, these medical facilities support substantial room nights from patients’ families, traveling clinicians, consultants, and healthcare-related conferences. Nearby campuses include South Texas College and The University of Texas Rio Grande Valley, which enroll a combined 59,800 students. Less than five miles from the Hotel, attractions such as Quinta Mazatlán and the McAllen Nature Center draw families, birders, and regional visitors, while McAllen’s role as a cross-border shopping and travel destination further strengthens demand. Planned regional developments will strengthen McAllen’s role as a U.S.-Mexico connectivity hub if executed, including the proposed Boeye Reservoir mixed-use tourism project, an estimated $200–$230 million development, in addition to ongoing data center and carrier infrastructure expansions. McAllen is a dynamic city in southern Texas, serving as a commercial, cultural, and medical hub for the Rio Grande Valley. Strategically positioned along Expressway 83 near the U.S.–Mexico border, McAllen benefits from strong cross-border commerce, regional retail activity, and a growing professional workforce. The city’s economy is anchored by education, healthcare, finance, and advanced manufacturing, with major employers including McAllen Independent School District, the City of McAllen, Rio Grande Regional Hospital, South Texas College, International Bank of Commerce, GE Aviation, and Regal Beloit. McAllen International Airport, centrally located along Expressway 83 and directly across from La Plaza Mall, enhances regional connectivity and supports business travel, tourism, and retail demand. Together, these assets position McAllen as one of the most economically resilient and fastest-growing markets in South Texas.

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$34 USD /SF

# OF ROOMS

93

PRICE/ROOM

$8,602 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Auction - Mar 3-5 | Motel 6 McAllen, TX

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1974

PARKING SPACES

62

LAND DETAILS

LAND ACRES

1.65 AC

LAND SF

71,874 SF

ZONING

F1

APN/PARCEL ID

H2550-00-007-0006-07

ASK ABOUT THIS PROPERTY

Skyler CooperMarcus & MillichapMore Info
540-522-9115

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Skyler CooperMarcus & MillichapMore Info
540-522-9115

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.