615 Aster StPharr, TX 78577

Property Details for 615 Aster St

Year built

1978

Lot size

0.35 AC

Property size (Sq ft)

3,311 SF

Property type

Office properties

Property subtype

Office buildings

APN

L6650-00-004-0004-00

APU

L665000004000400

Description

This exceptional 3,311 square foot commercial property, located at 615 S Aster Street in Pharr, Texas, presents a unique investment opportunity. Currently configured as a spacious medical office, the building boasts eight treatment rooms, two private offices, a reception area, and ample storage space including a kitchen and laundry area. The property features five entry doors, three air conditioning units, and tile flooring throughout. Restrooms include two full bathrooms and a client restroom compliant with ADA standards. Exterior features include storm shutters and approximately seventeen parking spaces. Situated on a sizable 0.35-acre corner lot, this property benefits from high visibility due to its location right off S Cage Blvd, behind a new shopping center. The mature landscaping adds to the property's curb appeal. The versatile layout and ample space offer significant potential for conversion into multiple smaller offices or for retail use. This property is priced at $490,000 and represents a strong value in a thriving commercial area. The strategic location and flexible design make this an ideal investment for a variety of commercial ventures. The substantial parking and prominent corner location ensure high visibility and accessibility for clients and employees. Don't miss this chance to acquire a well-maintained, versatile commercial property in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $454,999

  6.5%

  $419,999

  7%

  $389,999

• Comparable approach

  Method

  Valuation

  Relative Method

  $285,512

  Geo Method

  $752,491

• Alternative Use

  Use

  Valuation

  Residential

  $520,799

  Hospitality

  $477,049

  Educational

  $396,899

  Medical

  $410,549

  Retail

  $617,399

Location Insight

City

Pharr

County

Hidalgo

State

Texas

Latitude

26.189

Longitude

-98.1858

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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