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    US-77 Bus Harlingen, TX 78550

    For Sale
    $2,000,000

    7,830 SF Executive Office Building, Texas

    Property size:
    7,830 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a 7,830-square-foot, two-story medical office building situated on a 5.3-acre lot in Harlingen, Texas. The property includes a 10-acre parcel of adjacent multi-use land, offering significant development potential. The main building currently houses a thriving medical practice occupying 3,900 square feet, featuring a reception area, six exam rooms, a doctor's office, and employee break room. An additional 900 square feet is leased to a retail tenant on the first floor, and the second floor is occupied by a beauty salon and spa. The building boasts ample parking with 62 spaces and a concrete drive extending from Business Hwy 83. General retail zoning allows for diverse uses. Building expenses are estimated at $1.69 per square foot per month, inclusive of utilities. The property's strategic location and substantial land holdings present a unique opportunity for expansion, redevelopment, or continued operation as a multi-tenant medical and retail complex. The existing small residence near the highway could be converted into a sales office for future development of the adjacent land, which could accommodate multi-family, townhouse, or storage units. The asking price is $2,000,000, with a price per square foot of $312.90. The property consists of three units and is zoned for commercial use.

    Property Features for US-77 Bus

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    7,830 SF

    Building Details

    Units
    3

    HighLights

    • Freestanding medical office building (MOB).
    • 10‑acre multi‑use land parcel.
    • 62‑space concrete parking lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Harlingen
    County
    Cameron
    State
    Texas
    Longitude
    -97.6908531
    Latitude
    26.2061027

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    FAQs

    What type of property is this?
    Office Property / Space - 7,830 SF Executive Office Building, Texas
    Where is this office property / space located?
    The property is located at US-77 Bus Harlingen, TX.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: Freestanding medical office building (MOB).; 10-acre multi-use land parcel.; 62-space concrete parking lot.
    Request Owner's contact information
    US-77 Bus Harlingen, TX 78550
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    US-77 Bus Harlingen, TX 78550
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