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    1050 Polk Ave Pharr, TX 78577

    For Sale
    $450,000

    High-traffic, 0.62-acre commercial lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 0.62-acre commercial land parcel is strategically located at 1050 W Polk Ave in Pharr, Texas, within Hidalgo County (zip code 78577). Zoned for commercial use, this property presents a unique investment opportunity due to its prime location on the edge of McAllen/Pharr city boundaries and its high-traffic Interstate frontage. The asking price is $450,000. The property is owned by an LLC and is readily available for purchase. This sizable lot offers significant potential for various commercial developments, capitalizing on its excellent visibility and accessibility. Its convenient location ensures high traffic volume and exposure, making it ideal for businesses seeking a prominent presence in a thriving area. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property's coordinates are 26.2070666 latitude and -98.1954558 longitude. This is a rare opportunity to acquire a well-situated commercial lot in a rapidly growing Texas market.

    Property Features for 1050 Polk Ave

    General Information

    Property type
    Land
    Lot Size
    27,007 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply 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
    -98.1954558
    Latitude
    26.2070666

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    FAQs

    What type of property is this?
    Land - High-traffic, 0.62-acre commercial lot.
    Where is this land located?
    The property is located at 1050 Polk Ave Pharr, TX.
    What is the asking price?
    The asking price for this property is $450,000.
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    1050 Polk 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
    1050 Polk Ave Pharr, TX 78577
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