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620 W Ferguson Ave 42,241 SF 100% Leased Retail Building Pharr, TX 78577 $2,650,000 ($62.74/SF)
Investment Highlights
- In Place Income from self-storage, mini retail, and office tenancy, plus open storage yard income
- Additional land for expansion in future.
Executive Summary
Ross Self-Storage is a 4.25-acre Self-Storage facility located at 620 W. Ferguson Avenue (A/K/A FM 495) in Pharr, TX that offers an investor or owner-operator a mix of 236 self-storage units, a 1,400 square foot (SF) stand-alone office-showroom building, 7,500 SF of “mini-retail spaces”, open yard storage, and billboard income. Approximately 1-acre of the property is undeveloped and is partially used for vehicle and trailer storage rental spaces and gives a future owner an option to expand the self-storage facility with additional buildings. An additional 1.1547 acre parcel directly west of the fenced storage facility with frontage on Hibiscus Avenue is also available with the property, which would allow for more expansion of self-storage, office-warehouse, or mixed use development utilizing the frontage on Hibiscus Ave. Combined the property totals 5.4 acres.
Please see attached additional documents for more information about this investment opportunity. Upon review please call our offices at 956-668-8790 to learn more.
Please see attached additional documents for more information about this investment opportunity. Upon review please call our offices at 956-668-8790 to learn more.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
42,241 SF
Building Class
C
Year Built
1982
Price
$2,650,000
Price Per SF
$62.74
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
4.25 AC
Opportunity Zone
Yes
Parking
18 Spaces (0.43 Spaces per 1,000 SF Leased)
Nearby Major Retailers
Property Taxes
| Parcel Number | C2682-00-000-0002-00 | Improvements Assessment | $504,510 |
| Land Assessment | $1,295,490 | Total Assessment | $1,800,000 |
Property Taxes
Parcel Number
C2682-00-000-0002-00
Land Assessment
$1,295,490
Improvements Assessment
$504,510
Total Assessment
$1,800,000
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620 W Ferguson Ave
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