Restaurant Building with Kitchen
422 N L Street, Harlingen, TX 78550
For Sale
$395,000
Commercial Sale, Harlingen, TX
Property Size2,708 SF
Lot Size0.50 Acres
Price / SF$145.86
Days on Market92
Property Features for 422 N L Street
General Information
Property type
Property subtype
Parking
Parking features
Patio and Porch features
Exterior features
Accessibility
Appliances
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Building materials
Roof type
Additional Structures
Listing Agency:
Encore Fine Properties
(956) 821-6170
Listed By:
Breann Fay Nelson
(956) 800-0331
Added: Aug 10
Changed: Oct 26
Last Checked: Nov 9 at 11:06AM
MLS# 455834
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.
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Investment Insights
Based on property information with market context.
This 2,708-square-foot restaurant property sits on 0.4959 acres and was built in 2006. The building includes commercial food-service equipment such as a griddle, fryer, grill, refrigerator, freezer, three-compartment sink, cold prep table, shelving, and storage racks. A POS system and televisions are also included. Central air, window-unit cooling, electric heating, a metal roof, and a patio are part of the property’s existing improvements.
Located at 422 N L Street in Harlingen, Texas, the site also provides off-street parking, an accessible approach with ramp, mature trees, and exterior storage. The property’s restaurant configuration and installed equipment support continued food-service use.
Located at 422 N L Street in Harlingen, Texas, the site also provides off-street parking, an accessible approach with ramp, mature trees, and exterior storage. The property’s restaurant configuration and installed equipment support continued food-service use.
Key Highlights
- 2,708‑square‑foot restaurant building on 0.4959 acres
- Commercial kitchen includes griddle, fryer, grill, refrigerator, freezer, and cold prep table
- Three‑compartment sink, POS system, shelving, and storage racks included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,609
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$552,180
$552.2K
Cap Rate 7%
$394,414
$394.4K
Cap Rate 9%
$306,767
$306.8K
Market Conditions
NOI Build-Up for 2,708 SF
Gross rent
$39.0K $14.40/SF
− Vacancy
−$2.2K −$0.81/SF
EGI
$36.8K $13.59/SF
− OpEx
−$9.2K −$3.40/SF
NOI
$27.6K $10.20/SF
Area
Cameron County, TX
Vacancy
5.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$552,180
Cap Rate 7%
$394,414
Cap Rate 9%
$306,767
Alternative Uses
Best Use
Specialty Retail
$394.4K
$345.1K – $460.2K
NOI $27,609 @ 7.0% cap · market cap 6.99%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$466.3K
$408.0K – $544.0K
NOI $32,639 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
836
Businesses Nearby
77k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 68%
Groceries 20%
Shops & Services 12%
La Michoacana Meat Market
Groceries
15,469 visits/mo
0.5 miles
Jack in the Box
Dining
15,299 visits/mo
0.5 miles
Buffalo Wild Wings
Dining
13,093 visits/mo
0.4 miles
Applebee's
Dining
12,391 visits/mo
0.5 miles
Little Caesars Pizza
Dining
11,509 visits/mo
0.5 miles
Demographics for 78550, TX
56,038
Population
22,347
Households
2.5
Avg Household Size
35
Median Age
22%
College-Educated
77%
High-School Grad
94.2 sq mi
ZIP Area
595
Density / Sq Mi
$51,524
Median Household Income
$32,065
Median Earnings
$863
Median Rent
$120,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Conventional restaurants in Cameron County, TX
Properties on Market for Conventional restaurants in Cameron County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding restaurant property with installed food-service equipment, patio space, off-street parking, and accessible ramp entry.
Where is this conventional restaurant located?
The property is located at 422 N L Street Harlingen, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 2,708‑square‑foot restaurant building on 0.4959 acres; Commercial kitchen includes griddle, fryer, grill, refrigerator, freezer, and cold prep table; Three‑compartment sink, POS system, shelving, and storage racks included
