214 Commerce StHarlingen, TX 78550

Property Details for 214 Commerce St

Year built

1976

Lot size

0.42 AC

Property size (Sq ft)

3,262 SF

Property type

Commercial real estate

APN

15-0000-0390-0010-00

APU

1500000390001000

Description

This exceptional commercial property, located at 214 N Commerce Street in the heart of downtown Harlingen, Texas, presents a unique investment opportunity. Built in 2009, this office building sits on a substantial 0.49-acre lot, offering significant potential for redevelopment or continued use as a commercial space. Its central downtown location provides easy access to a variety of amenities, including restaurants, shops, parks, and public transportation. The property's proximity to major commercial, cultural, and entertainment hubs makes it an attractive location for a wide range of businesses. The generous lot size allows for considerable flexibility in development plans, accommodating various projects, from commercial and residential to mixed-use developments or even the incorporation of green space. The asking price for this prime property is $265,000. This presents a rare chance to acquire a significant piece of real estate in a thriving Texas city, offering substantial returns for investors and developers alike. The property's zip code is 78550, and it is situated in Cameron County. This is a truly remarkable opportunity to own a piece of downtown Harlingen.

• CAP approach

  CAP return

  Valuation

  6%

  $617,333

  6.5%

  $569,845

  7%

  $529,142

• Comparable approach

  Method

  Valuation

  Relative Method

  $335,627

  Geo Method

  $741,355

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,093,300

  Retail / Commercial

  $566,237

  Mixed-Use / Specialty

  $568,629

  Hospitality / Lodging

  $422,928

  Office

  $569,845

  Institutional / Educational

  $592,722

  Residential Income

  $693,485

  Multifamily

  $807,275

  Automotive / Energy

  $508,047

  Parking / Income-Based Land

  $170,963

  Restaurant / Food Service

  $305,162

  Healthcare / Senior Housing

  $578,596

Location Insight

City

Harlingen

County

Cameron

State

Texas

Latitude

26.1946

Longitude

-97.6982

CBSA code

15180

CBSA name

BROWNSVILLE-HARLINGEN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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