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    503 State Ave Pharr, TX 78577

    For Sale
    $339,000

    Fixer-upper warehouse, prime Pharr location.

    Property size:
    8,149 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This 8,149 square foot warehouse, situated on a 0.37-acre lot at 503 W State Avenue in Pharr, Texas, presents a compelling investment opportunity. Located in the heart of downtown Pharr, this property benefits from its proximity to the railroad, offering excellent logistical advantages for businesses requiring convenient freight access. The building is currently in need of renovations to meet current city building codes. This presents a chance for a savvy investor to acquire a substantial property at a competitive price and customize it to their specific needs. The existing structure provides a solid foundation for a variety of commercial uses, making it ideal for redevelopment or repurposing. The 0.37-acre lot offers ample space for expansion or additional development, further enhancing the property's potential. Given its central location and the potential for significant upgrades, this warehouse represents a unique chance to acquire a valuable asset in a growing Texas market. The property's current condition requires a buyer prepared to undertake necessary renovations to bring it up to current city standards. Serious inquiries only. The asking price is $339,000.

    Property Features for 503 State Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    8,149 SF
    Lot Size
    16,117 SF

    Building Details

    Year Built
    1940
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pharr
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.18945
    Latitude
    26.19636

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    FAQs

    What type of property is this?
    Commercial real estate - Fixer-upper warehouse, prime Pharr location.
    Where is this commercial real estate located?
    The property is located at 503 State Ave Pharr, TX.
    What is the asking price?
    The asking price for this property is $339,000.
    (956) 581-5759
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    503 State Ave Pharr, TX 78577
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    503 State Ave Pharr, TX 78577
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