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    114 Clark Ave Pharr, TX 78577

    For Sale
    $200,000

    Three adjacent lots, prime location, high potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents three contiguous parcels totaling approximately 7,000 square feet located at 114 W Clark Avenue, 116 W Clark Avenue, and 120 W Clark Avenue in Pharr, Texas, 78577. Situated in the heart of Pharr's original townsite, along Clark and Cage Avenues, this property offers unparalleled potential for redevelopment. The combined land area, measuring approximately 100 feet by 130 feet, is being sold for land value only. Existing structures on the site require demolition, presenting a blank canvas for a new development. This location is ideal for a variety of commercial ventures, including retail spaces, medical offices, or a multifamily residential project. The asking price is $200,000, reflecting the land value and the opportunity for significant future appreciation. The property is zoned for commercial and residential use, offering flexibility for diverse development plans. This is a firm price, reflecting the exceptional location and development potential in a thriving Texas market. Don't miss this chance to acquire a significant piece of Pharr's vibrant commercial landscape.

    Property Features for 114 Clark Ave

    General Information

    Property type
    Multifamily properties
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Pharr
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1843454
    Latitude
    26.1966996

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    FAQs

    What type of property is this?
    Multifamily property - Three adjacent lots, prime location, high potential.
    Where is this multifamily property located?
    The property is located at 114 Clark Ave Pharr, TX.
    What is the asking price?
    The asking price for this property is $200,000.
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    114 Clark 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
    114 Clark Ave Pharr, TX 78577
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