1610 Tyler AveHarlingen, TX 78550

Property Details for 1610 Tyler Ave

Year built

2006

Lot size

0.48 AC

Property size (Sq ft)

8,976 SF

Property type

Commercial real estate

APN

25-7760-0030-0081-00

APU

2577600030008100

Description

1610 Plaza offers 3,928 square feet of retail space in Harlingen, TX, ideally situated on E. Tyler Ave, just south of the S. 77 Sunshine Strip. This attractive office-retail building provides spaces ranging from 1,917 to 3,928 contiguous square feet, currently entirely vacant. The property boasts a central Harlingen location, offering easy access to major intersections like S. 77 Sunshine Strip and Tyler & Harrison, and is within a 10-minute radius of medical centers, the international airport, and the Harlingen business district. Quick access to Expressways 77 and 83 is also a key advantage. The area is rich with amenities, including numerous restaurants, offices, other retail establishments, and financial institutions. National tenants like Walgreens, Subway, and Jack-in-the-Box are located nearby at the major intersection, ensuring high visibility and foot traffic. This presents a unique opportunity for businesses seeking a prominent location in a thriving commercial area. The building currently houses a long-time tenant, "Pizzeria," demonstrating the location's appeal and potential for sustained success.

• CAP approach

  CAP return

  Valuation

  6%

  $1,698,940

  6.5%

  $1,568,250

  7%

  $1,456,230

• Comparable approach

  Method

  Valuation

  Relative Method

  $923,652

  Geo Method

  $2,039,980

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,008,810

  Retail / Commercial

  $1,558,310

  Mixed-Use / Specialty

  $1,564,900

  Hospitality / Lodging

  $1,163,920

  Office

  $1,568,250

  Institutional / Educational

  $1,631,200

  Residential Income

  $1,908,510

  Multifamily

  $2,221,650

  Automotive / Energy

  $1,398,170

  Parking / Income-Based Land

  $470,497

  Restaurant / Food Service

  $839,829

  Healthcare / Senior Housing

  $1,592,320

Location Insight

City

Harlingen

County

Cameron

State

Texas

Latitude

26.1893

Longitude

-97.6788

CBSA code

15180

CBSA name

BROWNSVILLE-HARLINGEN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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