Retail Strip
1226 N MORGAN BLVD. Harlingen, TX 78550
For Sale
$950,000
For sale retail strip center offering multiple storefront spaces at one location.
Property Size6,500 SF
Price / SF$146.15
Days on Market210
Property Features for 1226 N MORGAN BLVD.
General Information
- Standard status
- Active
- Size
- 6,500 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1969
Listing Agency:
CENTURY 21 JOHNSTON COMPANY
(956) 792-1179
Listed By:
Julie R Cerda · License #0634631
(956) 792-1179
Source:
Xome
Added: Dec 25, 2025
Changed: Jul 23
Last Checked: Jul 23 at 4:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 JOHNSTON COMPANY
Investment Insights
Based on property information with market context.
This retail strip center is offered for sale and provides multiple storefront spaces within a single commercial property. The property totals 6,500 square feet, designed to support a range of retail-oriented tenant layouts.
The center is located at 1226 N MORGAN BLVD., HARLINGEN, TX. Prospective tenants and buyers can review the configuration on-site to determine fit for their intended concept and operating needs.
Available as a for-sale opportunity, the property’s straightforward strip-center format can support businesses seeking storefront frontage within a shared commercial setting.
The center is located at 1226 N MORGAN BLVD., HARLINGEN, TX. Prospective tenants and buyers can review the configuration on-site to determine fit for their intended concept and operating needs.
Available as a for-sale opportunity, the property’s straightforward strip-center format can support businesses seeking storefront frontage within a shared commercial setting.
Key Highlights
- Retail strip center with multiple storefront spaces at one location
- Year built: 1969
- Heating: 3
Financial Insights For Retail
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 | $93.6k | $14.40 |
| − Vacancy | −$5.2k | −$0.81 |
| EGI | $88.4k | $13.59 |
| − OpEx | −$26.5k | −$4.08 |
| NOI | $61.9k | $9.52 |
6,500 SF · lease $14.40/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$883.6K
$773.1K – $1.03M
NOI $61,851 @ 7.0% cap · market cap 6.51%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.12M
$979.3K – $1.31M
NOI $78,343 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Drink Up Local ...
Bar & Pub
FAQs
What type of property is this?
Strip mall - For sale retail strip center offering multiple storefront spaces at one location.
Where is this strip mall located?
The property is located at 1226 N MORGAN BLVD. Harlingen, TX.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Retail strip center with multiple storefront spaces at one location; Year built: 1969; Heating: 3
