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    FOR SALE
    Strip malls

    2900 S Cage Blvd, Pharr, TX 78577

    6,480 SF 1.77 ac lot Built 2008
    Individually Owned 20-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US82-5039776
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a five-unit commercial plaza ideally situated at 2900 S Cage Boulevard in Pharr, Texas. The property boasts a substantial 1.77-acre lot, offering significant potential for future development. The existing structure comprises approximately 7,300 square feet of rentable space, currently divided into five individual units. This established commercial plaza has a proven track record of consistent rental income, making it an attractive proposition for investors seeking a stable and profitable asset. The expansive lot size presents a unique opportunity for expansion or the development of additional income-generating properties, such as a multifamily project. With its prime location in Pharr, Texas, and its strong history of rental income, this property is poised for continued growth and profitability. The total building square footage is 1,070 square feet. The asking price is $1,290,000. This is a rare chance to acquire a well-established commercial property with significant upside potential. Don't miss this opportunity to secure a valuable addition to your investment portfolio.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2008
    Total area 6,480 SF
    Lot 1.77 ac (77,101 SF)
    APN K2400-00-000-0245-06
    UPID US82-5039776
    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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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Baldemar Salazar JR. · 20 yrs held
    Baldemar Salazar JR.
    since 2005
    6 recorded transactions
    2005
    2005
    2004
    2004
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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