1313 Polk AvePharr, TX 78577

For Sale
$2,000,000

Prime Pharr Office Building, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 16,400 square foot executive office plaza, located at 1313 W Polk Avenue in Pharr, Texas, presents a compelling investment opportunity. Built in 2000 and situated on a 1.357-acre lot, this property boasts a prime location between Jackson Road and North Sugar Road, offering excellent visibility and accessibility. Currently 75% occupied, the plaza comprises 22 individual suites, each thoughtfully designed with a reception area, 2-4 offices, a kitchenette, and a private restroom, ideal for professional practices. Recent upgrades include a new roof and air conditioning units, ensuring long-term efficiency and reduced maintenance costs. The property's strong tenant base contributes to a projected net operating income (NOI) of $18,768 per month, supporting an estimated value of $1,950,000. With an asking price of $2,000,000, this presents a rare chance to acquire a well-maintained, high-performing commercial property in a thriving Texas market. The property's attractive features and strong financial performance make it an ideal investment for discerning buyers seeking a stable and profitable addition to their portfolio. The 78577 zip code offers easy access to major transportation routes and local amenities. This is a turnkey opportunity to own a successful commercial property in a high-growth area.

Highlights

  • 16,400 SF executive office plaza on 1.357 acres in Pharr, TX.
  • Prime location at 1313 W Polk Ave, offering excellent visibility and accessibility.
  • 22 individual suites, 75% occupied, each with reception, 2-4 offices, kitchenette, and private restroom.
  • Recent upgrades include a new roof and AC units.
  • Projected NOI of $18,768/month, asking price $2,000,000, estimated value $1,950,000.

Property Details for 1313 Polk Ave

Property type
Other office properties, Office properties
Year Built
2000
Lot Size (sq. ft)
59,111 SF

Location Insight

City
Pharr
County
Hidalgo
State
Texas
Latitude
26.2059163
Longitude
-98.1995557
1313 Polk Ave, Pharr, Texas

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1313 Polk Ave
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