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    406 Commerce St Harlingen, TX 78550

    Sponsored
    For Lease
    Contact for pricing

    Prime 1-acre retail site, former bank.

    Lot size:
    43,647 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1-acre commercial property, located at 406 S Commerce St in Harlingen, Texas, presents a unique investment opportunity. The property, encompassing a substantial 43,647 square feet of vacant building space, is situated on a single lot at the highly visible southeast corner of Tyler Avenue and Commerce Street. Currently vacant, this former bank drive-thru location offers significant potential for redevelopment or repurposing. Its prime location in Harlingen, Cameron County, within zip code 78550, ensures high visibility and accessibility. The property's single-tenant history and substantial size make it ideal for a variety of commercial uses, particularly those requiring a large footprint and convenient drive-thru access. The 1-acre lot provides ample space for expansion or additional development. This property is zoned for commercial use and represents a rare chance to acquire a significant retail space in a thriving Texas market. The property's location at a major intersection guarantees high traffic volume and excellent exposure to potential customers. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial property.

    Property Features for 406 Commerce St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    43,647 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    43,647 SF

    HighLights

    • ± 43,647 SF building on 1.00 acre lot.
    • High‑traffic corner location at Tyler Ave & S. Commerce St in Harlingen, TX.
    Property Profile Location Intelligence

    Current Use by Public Records

    PNC Bank Bank

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Harlingen
    County
    Cameron
    State
    Texas
    Longitude
    -97.6953008
    Latitude
    26.1890646

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    FAQs

    What type of property is this?
    Individual retail property - Prime 1-acre retail site, former bank.
    Where is this individual retail property located?
    The property is located at 406 Commerce St Harlingen, TX.
    What are key features of this property?
    This property features: ± 43,647 SF building on 1.00 acre lot.; High-traffic corner location at Tyler Ave & S. Commerce St in Harlingen, TX.;
    Request Owner's contact information
    406 Commerce St Harlingen, TX 78550
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    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.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    406 Commerce St Harlingen, TX 78550
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