Pharr, Texas, is an attractive location for investors looking to purchase office properties, given its strategic position along the Rio Grande and its connection to the Mexican city of Reynosa via the Pharr-Reynosa International Bridge. Office properties in Pharr offer a unique opportunity for businesses to establish a presence in a city with a growing economy, supported by various industries such as trade, agriculture, and healthcare. These properties can represent a range of investments, from single-tenant buildings to multi-tenant complexes, catering to different business needs and sizes. Pharr's office properties benefit from the city's amenities, including the Pharr Memorial Library, the University of Texas Rio Grande Valley, and South Texas College, which provide access to education and research opportunities. The city's infrastructure, including the Pharr-Reynosa International Bridge and Interstate 2, facilitates transportation and trade, making it an ideal location for businesses. With its humid subtropical climate and average annual precipitation of 21.0 inches, Pharr offers a pleasant environment for businesses to operate. The city's proximity to major corporations, such as H-E-B, and its connection to the McAllen-Edinburg-Mission and Reynosa-McAllen metropolitan areas, make it an attractive location for businesses looking to establish a presence in the region.
Pharr's office properties are situated in a city with a diverse economy, supported by various industries, including agriculture, healthcare, education, and retail. The city is home to major employers, such as the Pharr-San Juan-Alamo Independent School District, the University of Texas Rio Grande Valley, and South Texas College, which provide employment opportunities for residents. In addition to office properties, Pharr also offers other types of commercial real estate, such as commercial buildings, which can be used for retail or industrial purposes. Apartment buildings are also available, providing housing options for residents. Shopping centers, like those found along Interstate 2, offer a range of retail options for residents and visitors. Hotels, such as those located near the Pharr-Reynosa International Bridge, cater to travelers and business visitors. With its diverse economy and range of commercial properties, Pharr is an attractive location for businesses and investors looking to establish a presence in the region. Currently, there are 13 office properties available for sale in Pharr, with an average price per square foot of $151 USD and an average size of 14,054 square feet. The largest property available is 48,696 square feet, offering a range of options for businesses and investors.
What is the average price per square foot for office properties in Pharr?
The average price per square foot for office properties in Pharr is $151 USD.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Pharr, it's essential to understand the classification system, which categorizes properties based on factors like age, condition, and amenities, to ensure you find the right fit for your business needs.
- Class A office properties are typically modern, well-maintained, and offer high-end amenities, making them ideal for businesses seeking a prestigious address and top-notch facilities.
- Class B office properties are older or less luxurious than Class A properties but still offer functional and comfortable spaces, often at a lower price point, making them suitable for businesses with more modest budgets.
- Class C office properties are typically older, less maintained, and may require renovation, making them a more affordable option for startups or small businesses with limited resources.
