2020 Expressway 83Harlingen, TX 78552

Property Details for 2020 Expressway 83

Year built

2002

Lot size

6.23 AC

Property size (Sq ft)

79,466 SF

Zone code

C

Property type

Commercial real estate

APN

18-4115-0010-0010-00

APU

1841150010001000

Description

This exceptional 101,103-square-foot retail space presents a significant opportunity within the Valle Vista Mall in Harlingen, Texas. Located at 2020 S Expressway 83, zip code 78552, this single-tenant property boasts a prominent anchor position in a thriving retail center. The former Dillard's location offers expansive space ideal for a large-scale retailer seeking significant visibility and accessibility. The Valle Vista Mall itself is a leading retail destination in Harlingen, featuring a diverse mix of retail, restaurant, service, and specialty tenants, ensuring high foot traffic and a strong customer base. The property includes ample parking with 538 spaces, providing convenient access for customers and employees. Situated in Cameron County, this location benefits from excellent visibility and accessibility along S Expressway 83. This substantial space is ready for immediate occupancy, offering a blank canvas for a retailer looking to establish a significant presence in the Harlingen market. The property's size and location within a successful shopping center make it an attractive investment for businesses seeking expansion or a new flagship location. This is a rare opportunity to secure a prime retail space in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $15,037,600

  6.5%

  $13,880,800

  7%

  $12,889,400

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,175,590

  Geo Method

  $18,060,200

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $26,631,800

  Retail / Commercial

  $13,793,000

  Mixed-Use / Specialty

  $13,851,200

  Hospitality / Lodging

  $10,302,100

  Office

  $13,880,800

  Institutional / Educational

  $14,438,100

  Residential Income

  $16,892,600

  Multifamily

  $19,664,500

  Automotive / Energy

  $12,375,500

  Parking / Income-Based Land

  $4,164,500

  Restaurant / Food Service

  $7,433,400

  Healthcare / Senior Housing

  $14,094,000

Location Insight

City

Harlingen

County

Cameron

State

Texas

Latitude

26.1827

Longitude

-97.7193

CBSA code

15180

CBSA name

BROWNSVILLE-HARLINGEN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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