Light Industrial Warehouse
514 N L Street Harlingen, TX 78550
514 N L Street, Harlingen, TX, 78550
$2,750,000
For Sale
$2,750,000
COMMERCIAL - Harlingen, TX
Property Size45,110 SF
Lot Size2.02 Acres
Price / SF$60.96
Days on Market23
Property Features for 514 N L Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 80
- Parking features
- Special Needs
- Exterior features
- Storage, Mature Trees, Motorized Gate
- Fencing
- Gate
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- 1846200020001000
- Size
- 45,110 SF
- Lot size
- 2.02 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7581
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric, Window Unit(s), Wall Unit(s)
Building Details
- Year built
- 1980
- Floors in Building
- 2
- Building materials
- Block
- Roof type
- Metal, Flat
- Additional Structures
- Storage
Listing agency
Encore Fine Properties
(956) 821-6170
Listed by
Breann Fay Nelson
(956) 800-0331
Added: Jun 30 Checked: Jul 22 at 8:06PM
MLS# 508132
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This sale includes a warehouse building that has been freshly painted on the entire exterior. The property was previously used for cold storage, and the layout supports a multi-tenant concept with separate spaces that can be leased to different types of businesses, including office and storage uses. The seller states that, through structural engineering approval, the city has granted approval on buildout. Electricity and lighting are currently in 7 of the units.
The warehouse is currently zoned as light industrial. The seller notes the possibility of rezoning to Commercial if desired, and states that multiple business operations can operate under the current zoning. The property is being offered at 514 N L Street in Harlingen, TX, and includes additional income-producing components described as a VSF renting space, two car lots, and rented storage space.
An event center with a commercial kitchen/restaurant is included in the sale and located on the property. This configuration may appeal to an owner-operator or investor seeking a property that can accommodate a mix of tenants and uses within a single light-industrial facility. The remarks also indicate owner financing is available, and all offers are being considered.
The warehouse is currently zoned as light industrial. The seller notes the possibility of rezoning to Commercial if desired, and states that multiple business operations can operate under the current zoning. The property is being offered at 514 N L Street in Harlingen, TX, and includes additional income-producing components described as a VSF renting space, two car lots, and rented storage space.
An event center with a commercial kitchen/restaurant is included in the sale and located on the property. This configuration may appeal to an owner-operator or investor seeking a property that can accommodate a mix of tenants and uses within a single light-industrial facility. The remarks also indicate owner financing is available, and all offers are being considered.
Key Highlights
- Light industrial building with approved buildout through structural engineering approval
- Electricity and lighting already in 7 of the units
- Includes an event center with a commercial kitchen/restaurant included in the sale
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $319.4k | $7.08 |
| − Vacancy | −$17.9k | −$0.40 |
| EGI | $301.5k | $6.68 |
| − OpEx | −$90.4k | −$2.01 |
| NOI | $211.0k | $4.68 |
45,110 SF · lease $7.08/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$6.13M
$5.37M – $7.15M
NOI $429,245 @ 7.0% cap · market cap 15.61%
Second Best
Self Storage
$5.98M
$5.23M – $6.97M
NOI $418,332 @ 7.0% cap · market cap 15.21%
Theoretical Best
Healthcare Medical
$7.77M
$6.80M – $9.06M
NOI $543,702 @ 7.0% cap · market cap 19.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- SmokinBucks — Harlingen, TX 78550
FAQs
What type of property is this?
Flex space - A light-industrial warehouse with multiple units, brand-new exterior paint, and an event center with commercial kitchen/restaurant included.
Where is this flex space located?
The property is located at 514 N L Street Harlingen, TX.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Light industrial building with approved buildout through structural engineering approval; Electricity and lighting already in 7 of the units; Includes an event center with a commercial kitchen/restaurant included in the sale
