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    OFF-MARKET
    Land

    2612 Cage Blvd, Pharr, TX 78577

    2.56 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2.56-acre commercial land parcel presents a prime investment opportunity in Pharr, Texas. Located at 2612 S Cage Boulevard, this property boasts 250 feet of frontage on the heavily trafficked US 281 highway, offering unparalleled visibility and accessibility. The lot's depth extends 497 feet, providing ample space for development. Currently zoned for commercial use by the city of Pharr, this site is ideal for a retail plaza or office complex. The property is fully enclosed by a chain-link fence, enhancing security. The strategic location benefits from planned new commercial developments in the immediate vicinity, promising future growth and increased property value. The seller is highly motivated and is willing to consider owner financing with a 35% down payment at the full asking price of $775,000. While suitable for various commercial ventures, a zoning change would be required for uses involving heavy truck traffic. This presents a compelling opportunity for a savvy investor seeking a high-traffic location in a thriving Texas market. The property is situated in Hidalgo County, Texas, with a zip code of 78577.

    Property profile
    Verified
    Property type Land
    Lot 2.56 ac (111,514 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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