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    Ferguson St Pharr, TX 78577

    For Sale
    $5,096,520

    13-Acre Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 13-acre commercial land parcel in Pharr, Texas, presents a compelling investment opportunity. Located at the intersection of E Ferguson St and I Road, this property boasts a prime location just north of Interstate 2 (Exp 83) and east of Interstate I69C (US 281), benefiting from high traffic counts (22,526 ADT). The site's strategic corner position is further enhanced by its adjacency to a Circle K convenience store, a strong indicator of the area's commercial viability. Zoned AO, the land is ideally suited for a variety of mixed-use commercial, industrial, or high-density developments. The seller is willing to consider subdividing the property into parcels smaller than 13 acres, offering flexibility to accommodate diverse development plans. The price per square foot will be adjusted based on the size and location of the selected parcel. This property offers significant potential for lucrative returns, making it an attractive investment in a rapidly growing area. The Hidalgo County location and 78577 zip code further solidify its desirability. The APN is L0200-00-000-0013-00. The asking price for the entire 13-acre tract is $5,096,520. This is a rare opportunity to acquire a substantial land holding in a high-traffic, well-established commercial area.

    Property Features for 0 Ferguson St

    General Information

    Property type
    Land
    Lot Size
    566,280 SF

    HighLights

    • Excellent I‑2 (Exp 83) access.
    • High traffic count: 22,526 ADT.
    • Convenient I‑69C (US 281) access.
    • Adjacent to a Circle K convenience store.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Pharr
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.16647974
    Latitude
    26.20957005

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    FAQs

    What type of property is this?
    Land - 13-Acre Development Opportunity
    Where is this land located?
    The property is located at Ferguson St Pharr, TX.
    What is the asking price?
    The asking price for this property is $5,096,520.
    What are key features of this property?
    This property features: Excellent I-2 (Exp 83) access.; High traffic count: 22,526 ADT.; Convenient I-69C (US 281) access.
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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.

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    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
    Ferguson St Pharr, TX 78577
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