618 Van Buren Ave Harlingen, TX 78550
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5,000 SF Vacant Industrial Building, High Cap Rate
Property size:
5,000 SFProperty Features for 618 Van Buren Ave
General Information
- Property type
- Distribution properties
- Square Feet
- 5,000 SF
- Class
- B
Building Details
- Year Built/Renovated
- 1979/2000
- Buildings
- 1
- Stories
- 1
- Units
- 1
Listing Agency: CHRE Cindy Hopkins Real Estate Listing Agent: Cynthia Hopkins
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This 5,000-square-foot industrial property in Harlingen, Texas, presents a compelling redevelopment opportunity for owner-users. Located at 618 W Van Buren Ave, 78550, this single-story, Class B building sits on a 6,580-square-foot lot and boasts a 16.34% cap rate with a Net Operating Income (NOI) of $45,600. Built in 1979 and renovated in 2000, the property features a 11.5-foot ceiling height and includes four parking spaces. The layout comprises approximately 1,800 square feet of retail storefront space, 1,325 square feet of office and supply room, and 1,875 square feet of warehouse space with a 12' x 10' roll-up door. A secured 20' x 17' area within the warehouse provides additional storage. An adjacent fenced outdoor area (50' x 40') with a concrete slab is accessible from the warehouse and an alleyway. The property is zoned for commercial use and is currently vacant, offering immediate occupancy for a new business. The asking price is $279,000, translating to $55.80 per square foot. The land value is $0.32 per square foot. Rent bumps are permitted. This property is ideal for a business seeking a move-in ready space with potential for customization. The property's former use was as a plumbing company. The building has one unit.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Mike's Plumbing Electrical ...
Plumbing Service
Location Insight
- Map
- Local Demand
- City
- Harlingen
- County
- Cameron
- State
- Texas
- Longitude
- -97.701958479575
- Latitude
- 26.191693635749
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FAQs
What type of property is this?
Distribution property - 5,000 SF Vacant Industrial Building, High Cap Rate
Where is this distribution property located?
The property is located at 618 Van Buren Ave Harlingen, TX.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: $279,000 asking price for this 5,000 SF industrial property.; Vacant, 5,000 SF building on a 6,580 SF lot in Harlingen, TX.; 16.34% cap rate with a $45,600 NOI.