Corner Gas Station with
301 W US Highway 83 Pharr, TX 78577
New
301 W US Highway 83, Pharr, TX, 78577
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For Sale
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Former gas station and convenience store with a restaurant building and existing fuel pumps and underground storage tanks.
Property Size1,380 SF
Price / SF$288.41
Days on Market6
Property Features for 301 W US Highway 83
General Information
- Standard status
- Active
- Size
- 1,380 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1992
Listing Agency
BIG Realty
Listed by
Jorge Zambrano
Source
Crexi
Added: Jul 11 Checked: Jul 15 at 2:03 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BIG Realty
Investment Insights
Based on property information with market context.
This former gas station and convenience store includes an approximately 1,380 SF commercial building currently associated with a restaurant use. On-site fueling infrastructure remains, including existing fuel pumps and underground storage tanks. The seller states the tanks were inspected and tested in 2018 with satisfactory results, and documentation is available upon request. Site improvements include substantial concrete and asphalt paving, along with canopy structures, and an additional garage/storage area.
The property is situated on a high-visibility corner with frontage on Business 83 and S. 6th St.
Also included are canopy areas totaling approximately 744 SF and 336 SF, plus a garage/storage area of approximately 384 SF. Additional hardscape consists of approximately 4,330 SF of concrete and approximately 2,010 SF of asphalt.
The property is situated on a high-visibility corner with frontage on Business 83 and S. 6th St.
Also included are canopy areas totaling approximately 744 SF and 336 SF, plus a garage/storage area of approximately 384 SF. Additional hardscape consists of approximately 4,330 SF of concrete and approximately 2,010 SF of asphalt.
Key Highlights
- Former gas station/convenience store with restaurant, set in a 1,380 SF commercial building built in 1992
- High‑visibility corner frontage on Business 83 and S. 6th St
- Includes existing fuel pumps and underground storage tanks on‑site
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
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 a restaurant building and existing fuel pumps and underground storage tanks.
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: Former gas station/convenience store with restaurant, set in a 1,380 SF commercial building built in 1992; High‑visibility corner frontage on Business 83 and S. 6th St; Includes existing fuel pumps and underground storage tanks on‑site
