507 E Interstate 2, Pharr, TX 78577

Jonathan Lindley

PRO

Listed by RE/MAX PLATINUM Of Mcallen

$1,290,000

61 days on market

Updated 41 days ago

507 E Interstate 2

Details

APN

H255500000000000

Property Type

Office

Sub Type

Traditional Office, Executive Office (+1)

Square Footage

5,766

Units

Tenancy

Vacant

Class

Year Built

1985

Buildings

Acreage

1.000

Parking Spaces

25 spaces

Parking Per SqFt

4.34

Office | 5,766 SqFt

Marketing description

Prime commercial opportunity in Pharr with exceptional visibility along the frontage road of Interstate 2 and just minutes from the I-2 & I-69C interchange. This 1-acre property features a 4,500+ sq ft main building, formally serving as an insurance office, that has been fully gutted to the studs and is ready for a custom buildout, along with a detached 1,200 sq ft warehouse ideal for storage or operations. Previously configured with approx. 15 offices, a conference/boardroom, and restrooms, the layout offers excellent potential for professional office use, medical, or multi-tenant suites. With 20+ existing parking spaces and additional land for expansion, this property provides flexibility for growth or redevelopment. High-traffic location, strong accessibility, and a blank slate interior make this a standout opportunity for an owner-user or investor looking to add value.

Investment highlights

Prime Interstate Frontage Commercial Opportunity – Pharr, TX

This offering presents a rare opportunity to acquire a high-visibility commercial property strategically positioned along the Interstate 2 frontage road, just minutes from the heavily trafficked I-2 & I-69C interchange. The location provides exceptional exposure and accessibility within one of the Rio Grande Valley’s most active commercial corridors.

Value-Add / Redevelopment Opportunity

The ±5,766 SF improvement has been fully gutted to the studs, offering a true blank slate for an investor or owner-user to design and build to suit. The previous layout supported approximately 15 private offices, conference space, and support areas, providing a strong foundation for a variety of configurations including professional office, medical, or multi-tenant use.

Flexible Site with Expansion Potential

Situated on approximately 1 acre, the property includes a 4,500+ SF main building along with a 1,200 SF detached warehouse, allowing for operational flexibility, storage, or supplemental income potential. The site is further enhanced by a circular driveway and 20+ parking spaces, accommodating high traffic volume and multiple users.

Strategic Location & Accessibility

Direct frontage along Interstate 2 with strong daily traffic counts
Immediate access to major regional corridors (I-2 & I-69C)
Located within a rapidly growing commercial and retail trade area
Excellent ingress/egress for both customers and service vehicles

Multiple Exit Strategies

This asset is well-suited for:

Owner-user redevelopment
Office or medical conversion
Multi-tenant reconfiguration for increased yield
Long-term hold with appreciation in a high-growth corridor

Key Property Metrics

±5,766 SF total improvements
±4,500 SF main building
±1,200 SF detached warehouse
±1 acre site
20+ parking spaces
Interstate frontage location

This is a compelling opportunity for investors seeking location-driven value, redevelopment upside, and long-term growth potential in the South Texas market.