231 Park Ave, Pharr, TX 78577-4838
- Motels
- 5,292 SF
- 0.12 lot acres
Current Use by Public Records
- Motels
Property Details for 231 Park Ave
- Year built
- 1990
- Lot size
- 0.12 lot acres
- Property type
- Motels
- APN
- L4250-00-00A-0017-00
- APU
- L42500000A001700
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 19, 2024 | — | Jmj Cadena Investments LLC | Sergio Andres Salinas | Warranty Deed | — |
| Oct 12, 2022 | $146,744 | Hunter Kelsey I LLC | Martha Mendez | Public Action · related | — |
| Jan 9, 2020 | — | Celia Melecio | Olga L Melecio | Quitclaim Deed · related | — |
| Jul 31, 2017 | — | Sergio A Salinas | Rioprop Holdings LLC | Grant Deed | — |
| Oct 28, 2008 | — | Martha C Mendez | Mendez,amadeo | Quit Claim Deed · related | — |
| May 5, 2006 | — | Amadeo Mendez | Mendez,martha C | Quit Claim Deed · related | — |
| — | — | Amadeo Mendez | — | Deed Of Trust · related | $20k · Rio Tax Loans |
| — | — | Martha Mendez | — | Deed Of Trust · related | — |
Description
This exceptional 5,401 square foot commercial land parcel presents a unique investment opportunity in the thriving city of Pharr, Texas. Located at 231 E Park Avenue, this property boasts a prime location near the expressway, downtown area, and a variety of local amenities, ensuring high visibility and accessibility. Built in 1990, the existing structure on the lot comprises a two-story building with twelve rooms, including suites, offices, and dining areas. While the building requires substantial renovation and restoration, this presents a blank canvas for creative redevelopment. The property's versatility allows for a wide range of potential uses, from adapting the existing structure into apartments, condominiums, or mixed-use commercial space (subject to obtaining necessary zoning permits), to complete demolition and construction of a new building. The asking price of $154,900 is significantly below the potential value after refurbishment, offering a substantial return on investment for the right buyer with a clear vision. Prospective purchasers are encouraged to conduct their own due diligence regarding zoning regulations and city ordinances in Pharr, Texas, to fully explore the development possibilities. This is a rare chance to acquire a strategically located commercial property in a rapidly growing Texas city.
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Location Insight
- Map
- Local Demand
- City
- Pharr
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1814
- Latitude
- 26.1939
- CBSA code
- 32580
- CBSA name
- MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
