US-77 Bus Harlingen, TX 78550

Property Details for US-77 Bus

Property size

7,830 SF

Property type

Office Properties & Spaces

Description

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.