901 Cage BlvdPharr, TX 78577

Property Details for 901 Cage Blvd

Year built

1980

Lot size

0.35 AC

Property size (Sq ft)

2,424 SF

Property type

Office properties

Property subtype

Office buildings

APN

O4800-00-002-0001-00

APU

O480000002000100

Description

This exceptional commercial property at 901 S Cage Boulevard, Pharr, Texas, 78577, presents a unique investment opportunity. The 15,451.168 square foot lot houses a fully equipped restaurant and warehouse, built in 1980. The sale includes all real property, along with extensive restaurant equipment. This includes various restaurant-quality stoves and ovens, comprehensive hood and fire suppression systems, all utensils, chef's garments and aprons, tablecloths, and three large catering trucks. Seven trompo/taquito stoves are also included, along with established recipes and future catering contracts for numerous large events. The property's diverse functionality, encompassing land, retail, and industrial uses, makes it suitable for a variety of commercial ventures. The current owner will provide three months of training, preparation, and contract supervision to ensure a smooth transition for the buyer. This turnkey operation offers immediate revenue potential and a significant advantage in the catering industry. The property is located in Hidalgo County, offering easy access to major transportation routes and a thriving local market. This is a rare opportunity to acquire a well-established, profitable business with significant growth potential. The asking price is $850,000.

• CAP approach

  CAP return

  Valuation

  6%

  $333,107

  6.5%

  $307,483

  7%

  $285,520

• Comparable approach

  Method

  Valuation

  Relative Method

  $209,025

  Geo Method

  $550,902

• Alternative Use

  Use

  Valuation

  Residential

  $381,279

  Hospitality

  $349,250

  Educational

  $290,572

  Medical

  $300,565

  Retail

  $452,001

Location Insight

City

Pharr

County

Hidalgo

State

Texas

Latitude

26.1863

Longitude

-98.1851

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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