Former Gas Station Convenience
301 W US Highway 83 Pharr, TX 78577
New
301 W US Highway 83, Pharr, TX, 78577
$398,000
For Sale
$398,000
COMMERCIAL - Pharr, TX
Property Size1,380 SF
Lot Size0.23 Acres
Price / SF$288.41
Days on Market2
Property Features for 301 W US Highway 83
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 20
- Exterior features
- Storage
- Appliances
- Water Heater (None)
- Standard status
- Active
- APN
- P640000036000001
- Size
- 1,380 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7576
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 1992
- Floors in Building
- 1
- Building materials
- Brick
- Roof type
- Shingle
- Additional Structures
- Storage
Listing Agency
BIG Realty
(956) 465-0011
4847 S Jackson Rd., Pharr, TX
Listed by
Jorge L. Zambrano
(956) 800-3623
Added: Jul 15 Checked: Jul 16 at 10:06 pm
MLS# 509387
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This former gas station and convenience store includes an approximately 1,380 SF commercial building and existing fuel pumps with underground storage tanks that remain on-site. The seller states the tanks were inspected and tested in 2018 with satisfactory results, and documentation is available upon request. Additional improvements include approximately 4,330 SF of concrete, 2,010 SF of asphalt, and canopy area totaling approximately 1,080 SF, plus a 384 SF garage/storage area.
The property is situated on a high-visibility corner with frontage on Business 83 and S. 6th St. It also features a restaurant component within the commercial building, according to the available remarks.
The site offers physical infrastructure suited to gas/convenience operations, while also providing a redevelopment option subject to buyer verification and applicable regulations.
The property is situated on a high-visibility corner with frontage on Business 83 and S. 6th St. It also features a restaurant component within the commercial building, according to the available remarks.
The site offers physical infrastructure suited to gas/convenience operations, while also providing a redevelopment option subject to buyer verification and applicable regulations.
Key Highlights
- Approximately 1,380 SF commercial building formerly operated as a gas station/convenience store with restaurant
- High‑visibility corner with frontage on Business 83 and S. 6th St.
- Fuel pumps and underground storage tanks remain on‑site; tanks were inspected/tested in 2018 with satisfactory results (documentation available upon request).
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.3k | $20.52 |
| − Vacancy | −$1.6k | −$1.17 |
| EGI | $26.7k | $19.35 |
| − OpEx | −$6.7k | −$4.84 |
| NOI | $20.0k | $14.51 |
1,380 SF · lease $20.52/SF/yr · vacancy 5.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$286.1K
$250.4K – $333.8K
NOI $20,028 @ 7.0% cap · market cap 5.03%
Second Best
Retail
$266.2K
$232.9K – $310.6K
NOI $18,633 @ 7.0% cap · market cap 4.68%
Theoretical Best
Hotel Hospitality
$1.04M
$909.5K – $1.21M
NOI $72,761 @ 7.0% cap · market cap 18.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Gas stations
Similar For Sale Nearby
FAQs
What type of property is this?
Gas station - Former gas station and convenience store with on-site fuel pumps and underground storage tanks on a high-visibility corner.
Where is this gas station located?
The property is located at 301 W US Highway 83 Pharr, TX.
What is the asking price?
The asking price for this property is $398,000.
What are key features of this property?
This property features: Approximately 1,380 SF commercial building formerly operated as a gas station/convenience store with restaurant; High‑visibility corner with frontage on Business 83 and S. 6th St.; Fuel pumps and underground storage tanks remain on‑site; tanks were inspected/tested in 2018 with satisfactory results (documentation available upon request).
