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    503 State Ave Pharr, TX 78577

    For Sale
    $339,000

    Downtown Pharr warehouse, 16,117 sq ft lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a 16,117 square foot lot located at 503 W State Avenue in the heart of Pharr, Texas, 78577. The property features a warehouse building constructed in 1940, situated conveniently next to the railroad tracks in downtown Pharr. While the existing structure requires updates to meet current city building codes, this presents a unique chance for renovation and repositioning. The substantial lot size offers significant potential for redevelopment or expansion. The property's prime location in the center of Pharr provides excellent access to transportation and local amenities. This is an ideal project for an investor or developer seeking a fixer-upper with strong potential for return in a thriving Texas market. The property is classified as Commercial, Warehouse, and Other. The asking price is $339,000. This represents a rare chance to acquire a large lot with existing building in a high-demand area. Serious inquiries only.

    Property Features for 503 State Ave

    General Information

    Property type
    Distribution properties

    Building Details

    Year Built
    1940

    HighLights

    • $339,000 asking price.
    • 16,117.2 sq ft lot.
    • 1940 construction, warehouse building requiring code upgrades.
    • Located in downtown Pharr, TX, near railroad tracks.
    • Excellent fixer‑upper opportunity in a central Pharr location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    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
    -98.1894803
    Latitude
    26.196412

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    FAQs

    What type of property is this?
    Distribution property - Downtown Pharr warehouse, 16,117 sq ft lot.
    Where is this distribution property 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.
    What are key features of this property?
    This property features: $339,000 asking price.; 16,117.2 sq ft lot.; 1940 construction, warehouse building requiring code upgrades.
    Request Owner's contact information
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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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