Drive-Thru Restaurant Development
For Sale
$579,000
407 N Veterans Boulevard lot 1, Pharr, TX 78577
LAND - TX
Property Size2,304 SF
Lot Size0.58 Acres
Price / SF$251.30
Days on Market356
Property Features for 407 N Veterans Boulevard lot 1
General Information
Property type
Land
Property subtype
Other
Subdivision
Cantu-Guerra #2
Elementary school district
Pharr-San Juan-Alamo ISD
Middle school district
Pharr-San Juan-Alamo ISD
High school district
Pharr-San Juan-Alamo ISD
Standard status
Active
APN
R604528
Size
2,304 SF
Lot size
0.58 Acres
Taxes and HOA fees
Tax Description
CANTU-GUERRA NO. 2 LOT 1
Legal Description
CANTU-GUERRA NO. 2 LOT 1
Listing Agency:
CapStone Realty PLLC
(956) 408-0268
Listed By:
Juan Chavez · License #0616301
(956) 638-8821
Added: Aug 9, 2025
Changed: Jun 17
Last Checked: Jul 30 at 5:06PM
MLS# 463228
Copyright © 2026 South Texas Multiple Listing Service, LLC. 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 offering is a 0.58-acre development lot with over 13,000 square feet of concrete paving and a 720 square-foot drive-thru building. The structure features solid brick exterior walls, a metal roof, 20-foot ceilings, and a slab foundation, supporting durable, adaptable operations.
Located at 407 N Veterans Boulevard in Pharr, Texas, the property is positioned for strong visibility with frontage on a high-traffic thoroughfare. The existing paved yard and drive-thru configuration can help streamline access and vehicle flow for food service concepts.
For tenants, developers, or owner-operators, the combination of substantial paved area and an in-place drive-thru building offers a practical platform for a restaurant use, or for other commercial adaptations where drive-thru access and an efficient outdoor operations footprint are important. The durable exterior and core building systems can support ongoing improvement and customization to fit a specific concept.
Located at 407 N Veterans Boulevard in Pharr, Texas, the property is positioned for strong visibility with frontage on a high-traffic thoroughfare. The existing paved yard and drive-thru configuration can help streamline access and vehicle flow for food service concepts.
For tenants, developers, or owner-operators, the combination of substantial paved area and an in-place drive-thru building offers a practical platform for a restaurant use, or for other commercial adaptations where drive-thru access and an efficient outdoor operations footprint are important. The durable exterior and core building systems can support ongoing improvement and customization to fit a specific concept.
Key Highlights
- Prime 0.5‑acre lot with excellent frontage on a high‑traffic thoroughfare.
- Over 13,000 sq. ft. of concrete paving.
- Includes a 720 sq. ft. drive‑thru building.
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 | $47.3k | $20.52 |
| − Vacancy | −$2.7k | −$1.17 |
| EGI | $44.6k | $19.35 |
| − OpEx | −$11.1k | −$4.84 |
| NOI | $33.4k | $14.51 |
2,304 SF · lease $20.52/SF/yr · vacancy 5.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$477.7K
$418.0K – $557.3K
NOI $33,437 @ 7.0% cap · market cap 5.77%
Second Best
Retail
$444.4K
$388.9K – $518.5K
NOI $31,109 @ 7.0% cap · market cap 5.37%
Theoretical Best
Hotel Hospitality
$1.74M
$1.52M – $2.02M
NOI $121,478 @ 7.0% cap · market cap 20.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
678
Businesses Nearby
23k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 45%
Quick Quack Car Wash
Shops & Services
7,703 visits/mo
0.4 miles
KFC
Dining
6,608 visits/mo
0.5 miles
IBC Bank
Shops & Services
4,989 visits/mo
0.5 miles
SUBWAY
Dining
2,578 visits/mo
0.2 miles
Marco's Pizza
Dining
1,339 visits/mo
0.3 miles
Demographics for 78577, TX
79,937
Population
26,568
Households
3
Avg Household Size
30
Median Age
18%
College-Educated
70%
High-School Grad
26.0 sq mi
ZIP Area
3,075
Density / Sq Mi
$49,768
Median Household Income
$28,186
Median Earnings
$988
Median Rent
$111,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Paved 0.58-acre lot with drive-thru building and durable brick construction for restaurant or retail development.
Where is this drive through restaurant located?
The property is located at 407 N Veterans Boulevard lot 1 Pharr, TX.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Prime 0.5‑acre lot with excellent frontage on a high‑traffic thoroughfare.; Over 13,000 sq. ft. of concrete paving.; Includes a 720 sq. ft. drive‑thru building.
