1322 Harrison AveHarlingen, TX 78550

Property Details for 1322 Harrison Ave

Year built

1990

Lot size

0.24 AC

Property size (Sq ft)

1,708 SF

Property type

Commercial real estate

APN

25-7760-0010-0051-00

APU

2577600010005100

Description

This 1990-built Harlingen, TX commercial property at 1322 Harrison Ave., zip code 78550, is offered at $439,000. The building features two suites: one currently operating as a party supply retail store with a full bath, half bath, full kitchen/lounge area, and an additional room (flexible use). This suite includes built-in wood display stands. The second suite is leased for $1,100 monthly until September 2027. A Lamar sign on-site generates $4200 annually for four more years. The property boasts a secured chain-link fence with gated access to the rear, providing ample covered parking for tenants and convenient loading/unloading. Additional customer parking is available in front. This high-traffic location presents an excellent investment opportunity. Owner financing is available, and the existing business may be negotiable. All offers are considered.

• CAP approach

  CAP return

  Valuation

  6%

  $323,277

  6.5%

  $298,409

  7%

  $277,094

• Comparable approach

  Method

  Valuation

  Relative Method

  $175,755

  Geo Method

  $388,177

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $572,523

  Retail / Commercial

  $296,519

  Mixed-Use / Specialty

  $297,772

  Hospitality / Lodging

  $221,474

  Office

  $298,409

  Institutional / Educational

  $310,389

  Residential Income

  $363,155

  Multifamily

  $422,740

  Automotive / Energy

  $266,047

  Parking / Income-Based Land

  $89,527.10

  Restaurant / Food Service

  $159,804

  Healthcare / Senior Housing

  $302,990

Location Insight

City

Harlingen

County

Cameron

State

Texas

Latitude

26.1904

Longitude

-97.6811

CBSA code

15180

CBSA name

BROWNSVILLE-HARLINGEN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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