231 E PARK AVENUE, PHARR, TX 78577
Homes for sale in Pharr.
Homes for sale in 78577.
231 E Park Avenue
Pharr, TX 78577
List Price$190,000
Listing #481110
8,333
Square Feet
Commercial
Type
About This Property
This property in the heart of Pharr, TX, presents a remarkable investment opportunity with its prime location near the expressway, downtown, and local amenities. The two-story building includes 12 rooms--featuring suites, offices, and dining areas--offering a versatile layout. While the structure requires significant renovation, it serves as a blank canvas for a wide range of possibilities. With the right vision and restoration, the property could be transformed to attract various clientele--tourists, event planners, or tenants--or repurposed into apartments, condominiums, or mixed-use commercial space, subject to zoning approval. Offered at a price well below its potential value, it provides excellent potential for strong returns on investment. Buyers are encouraged to perform their due diligence with the City of Pharr regarding zoning and current regulations.
Property Features
Location Information
County
Hidalgo
Directions
To reach 231 E Park Ave in Pharr, TX, from McAllen or Mission, take US-83 E/I-2 E, exit at S Cage Blvd, then turn right onto E Park Ave. From Edinburg, head south on I-69C/US-281 S, exit at Business 83/W Expy 83, merge onto S Cage Blvd, then turn left onto E Park Ave.
Subdivision
Lettered Blks (Pharr)
Interior Features
Heating
No HVAC
Floors
Concrete, None, Other
Cooling
No HVAC
Appliances
Water Heater (None)
Exterior Features
Construction
Brick, Block, Frame/Wood, None, Wood Siding
Lot Description
Downtown, See Remarks
Exterior
None, Other
Lot Size in Acres
0.124
Roof
Composition Shingle
Lot Size in Sq. Ft.
5,401
Possession
Closing and Funding
Present Use
None
Parking Description
Paved
Building Total Area (Sq. Ft.)
6,925
Has Garage
Yes
Energy Features
None, Other
Garage Spaces
6
Road Description
Paved Road
Parking Spaces
6
Additional Information
Property Type
COM
Units in Complex
1
Property SubType
Commercial
Taxes
5093
Year Built
1990
Tax Year
2023
APN
L42500000A001700
Square Feet Source
HidalgoCAD
Status
Active
Similar Listings
Mortgage Calculator
$886
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$684
Monthly Tax
$158
Monthly Insurance
$44
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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