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    1213 Interstate 2 Pharr, TX 78577

    For Sale
    $8,200,000

    High-Traffic Retail Property, 10,500 SF

    Property size:
    10,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 7.76-acre commercial property in Pharr, Texas, presents a unique investment opportunity. Located at 1213 Interstate 2, this property boasts 10,500 square feet of leasable space, currently housing a leased building. The property's zoning (CO) allows for diverse uses, including a car lot or logistics center, making it highly adaptable to various business needs. Its prime location offers excellent accessibility from Expressway, Egly Street, and Sugar Road, ensuring high visibility and convenient access for customers and employees. The property also includes a double-wide mobile home currently serving as an office. An additional 2-acre tract is included in this offering. The existing lease provides immediate cash flow, while the expansive lot size and strategic location offer significant potential for future development and expansion. Built in 1973, this property is priced at $8,200,000, or $780.95 per square foot. The APN is K2400-00-000-0169-04. This is a rare opportunity to acquire a substantial commercial property with significant upside potential in a thriving Texas market. The property's versatility and prime location make it an ideal investment for discerning buyers seeking strong returns.

    Property Features for 1213 Interstate 2

    General Information

    Property type
    Specialty properties
    Square Feet
    10,500 SF
    Lot Size
    338,026 SF

    Building Details

    Year Built
    1973

    HighLights

    • $8,200,000 asking price.
    • 10,500 square foot retail/special purpose property.
    • $780.95 price per square foot.
    • 1973 year built.
    • CO zoning.
    • 7.76‑acre lot size.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pharr
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1968713
    Latitude
    26.2031911

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    FAQs

    What type of property is this?
    Specialty property - High-Traffic Retail Property, 10,500 SF
    Where is this specialty property located?
    The property is located at 1213 Interstate 2 Pharr, TX.
    What is the asking price?
    The asking price for this property is $8,200,000.
    What are key features of this property?
    This property features: $8,200,000 asking price.; 10,500 square foot retail/special purpose property.; $780.95 price per square foot.
    Request Owner's contact information
    1213 Interstate 2 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
    1213 Interstate 2 Pharr, TX 78577
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