1300 S Cage Blvd, Pharr, TX 78577
- Retail space
- 128,904 SF
- 33.98 lot acres
Current Use by Public Records
- Retail space
Property Details for 1300 S Cage Blvd
- Year built
- 2011
- Lot size
- 33.98 lot acres
- Property type
- Retail space
- APN
- H0111-00-000-0001-00
- APU
- H011100000000100
Description
This exceptional retail opportunity is located within the Heb Grocery Shopping Center, a thriving strip center in Hidalgo County. The center boasts a total of 15,900 square feet of retail space, currently offering a flexible range of leasable units. Individual spaces range from a minimum of 1,200 square feet to a maximum contiguous space of 2,400 square feet, providing options for various business needs. The property benefits from a prime location, experiencing high daytime population density and exceptional visibility. South Cage Blvd./US 281 sees approximately 20,000 vehicles per day (VPD), ensuring significant exposure for tenants. The center's strategic placement directly across from a CVS Pharmacy further enhances its appeal and accessibility. The high-visibility corner lot offers excellent potential for drive-thru businesses, and additional outparcels are available for lease, presenting further expansion opportunities. This is an ideal location for businesses seeking high traffic volume and strong visibility in a rapidly growing area. The property's configuration and location make it an attractive investment for a variety of retail uses.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $29,010,000
- 6.5%
- $26,775,000
- 7%
- $24,865,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $21,548,000
Market price range: $8.54M - $25.8M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $16,900,000 Current use
- OFFICE BUILDING
- $17,020,000 Change: +1% Conversion: Easy
- AUTO REPAIR, GARAGE
- $16,545,000 Change: -2% Conversion: Difficult
- RESTAURANT
- $15,645,000 Change: -7% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Pharr
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1888
- Latitude
- 26.1791
- CBSA code
- 32580
- CBSA name
- MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
