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    1200 Interstate 2 Pharr, TX 78577

    For Lease
    $25 SF/Yr

    1.356-acre lot, 1848 sq ft office, 24 parking spaces.

    Lot size:
    1,848 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1.356-acre commercial property in Pharr, Texas, presents a unique investment opportunity. Located at 1200 Interstate 2, the property features a 1,848 square foot office building currently occupied by a financial institution. The building has been thoughtfully repurposed, incorporating drive-thru lanes and an ATM, ideal for a similar business or adaptable to other non-banking uses. The interior boasts a high-quality finish, ready for immediate occupancy. The property includes ample parking with 24 spaces available. The lot is zoned C3, offering flexibility for various commercial ventures. The property's convenient location on Interstate 2 provides excellent visibility and accessibility. The parcel number is O022000000000000. Please note that quick-service restaurants (QSRs) are not permitted under the current zoning. This property is a single-tenant building situated on a substantial lot, making it an attractive option for investors seeking a well-maintained, strategically located commercial asset in a thriving Texas market. The zip code is 78577.

    Property Features for 1200 Interstate 2

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,848 SF

    Unit(s) available at that property

    Space
    Size
    1,848 SF
    Rate per SF
    $25

    HighLights

    • 1.356‑acre commercial lot in Pharr, TX (78577), located at 1200 Interstate 2.
    • 1,848 SF office building with drive‑thru and ATM, currently occupied by a financial institution.
    • High‑quality interior finish, ready for immediate occupancy.
    • Ample parking (24 spaces).
    • C3 zoning (QSRs not permitted).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant 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
    -98.1884949
    Latitude
    26.1509653

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    FAQs

    What type of property is this?
    Office Property / Space - 1.356-acre lot, 1848 sq ft office, 24 parking spaces.
    Where is this office property / space located?
    The property is located at 1200 Interstate 2 Pharr, TX.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: 1.356-acre commercial lot in Pharr, TX (78577), located at 1200 Interstate 2.; 1,848 SF office building with drive-thru and ATM, currently occupied by a financial institution.; High-quality interior finish, ready for immediate occupancy.
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    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
    1200 Interstate 2 Pharr, TX 78577
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