Turnkey Salon Retail
For Sale
$325,000
705 E Tyler Ave., Harlingen, TX 78550
Formerly operating as a fully equipped hair salon with multiple stations, reception area, and front parking for five vehicles.
Property Size1,312 SF
Price / SF$247.71
Days on Market113
Property Features for 705 E Tyler Ave.
General Information
Standard status
Active
Size
1,312 SF
Building Details
Year Built
1993
Listing Agency:
Fox Real Estate Pros
Listed By:
ALYSSA CASTILLO · License #TREC#0834525
Source:
Accessrealtyrgv
Added: Jul 3
Changed: Oct 23
Last Checked: Oct 23 at 9:15AM
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 Fox Real Estate Pros
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Investment Insights
Based on property information with market context.
This retail storefront suite was previously operating as a fully equipped hair salon and is laid out to support service operations. The interior includes three hair washing stations, a large main room designed for four or more stylist stations, a reception and waiting area, and a rear service station. Additional features include a break room with washer and dryer hookups, a private half bath, and two spacious rooms that can be used for additional services or adapted to suit other commercial needs.
The property is located at 705 E Tyler Ave. in Harlingen, TX, in a high-traffic, highly visible area. Customer convenience is supported by front parking for five vehicles, with additional parking available in the rear.
With its established customer-facing layout and adaptable back-of-house space, the suite may be well suited for continued salon use or for a business concept that benefits from a retail storefront environment and on-site parking.
The property is located at 705 E Tyler Ave. in Harlingen, TX, in a high-traffic, highly visible area. Customer convenience is supported by front parking for five vehicles, with additional parking available in the rear.
With its established customer-facing layout and adaptable back-of-house space, the suite may be well suited for continued salon use or for a business concept that benefits from a retail storefront environment and on-site parking.
Key Highlights
- Year built 1993; was formerly operating as a fully equipped hair salon space.
- Salon layout includes three hair washing stations and a large room for four or more stylist stations.
- Reception and waiting area plus a rear service station for day‑to‑day operations.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,484
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,680
$249.7K
Cap Rate 7%
$178,343
$178.3K
Cap Rate 9%
$138,711
$138.7K
Market Conditions
NOI Build-Up for 1,312 SF
Gross rent
$18.9K $14.40/SF
− Vacancy
−$1.1K −$0.81/SF
EGI
$17.8K $13.59/SF
− OpEx
−$5.4K −$4.08/SF
NOI
$12.5K $9.52/SF
Area
Cameron County, TX
Vacancy
5.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,680
Cap Rate 7%
$178,343
Cap Rate 9%
$138,711
Alternative Uses
Best Use
Retail
$178.3K
$156.1K – $208.1K
NOI $12,484 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$225.9K
$197.7K – $263.6K
NOI $15,813 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,632
Businesses Nearby
18k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 84%
Beauty & Spa 10%
Electronics 6%
Bank of America
Shops & Services
9,169 visits/mo
0.4 miles
Stripes
Shops & Services
4,110 visits/mo
0.3 miles
Merle Norman Cosmetic Studio
Beauty & Spa
1,692 visits/mo
0.3 miles
First Cash Pawn
Shops & Services
1,484 visits/mo
0.5 miles
Metro by T-Mobile
Electronics
1,139 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Formerly operating as a fully equipped hair salon with multiple stations, reception area, and front parking for five vehicles.
Where is this retail space located?
The property is located at 705 E Tyler Ave. Harlingen, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Year built 1993; was formerly operating as a fully equipped hair salon space.; Salon layout includes three hair washing stations and a large room for four or more stylist stations.; Reception and waiting area plus a rear service station for day‑to‑day operations.
