217 Monroe St Harlingen, TX 78550
This exceptional investment opportunity presents a beautifully preserved 1930s-era executive office building located at 217 Monroe Street in the heart of historic downtown Harlingen, Texas, 78550. The property, priced at $450,000, offers four individual suites, currently boasting a fully operational tenant – a bus transit company – occupying one of the suites. This provides immediate cash flow and a stable foundation for future growth. The building's prime location within the vibrant downtown area offers excellent visibility and accessibility, making it an attractive proposition for a variety of businesses. The classic architecture and character of the building provide a unique and desirable workspace. This is a rare chance to acquire a piece of Harlingen's history while securing a strong return on investment. The property's existing lease provides a secure income stream, while the remaining suites present opportunities for further leasing and revenue generation. The building's solid construction and established presence in the community ensure long-term value and stability. This is an ideal investment for those seeking a blend of historical charm and modern business potential in a thriving Texas city. Further details regarding the lease terms and suite specifications are available upon request. Don't miss this chance to own a piece of Harlingen's legacy.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.