Property profile

302 Jackson Ave Harlingen, TX 78550

OFF-MARKET
Office Spaces
Built 1950
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Property summary

AI-generated overview

This exceptional commercial property, located at 302 Jackson Ave. in the heart of downtown Harlingen, Texas, presents a unique investment opportunity. The building, constructed in 1950, boasts a substantial 9,896 square feet of office space, strategically divided between two floors. The first floor, encompassing approximately 6,896 square feet, is currently leased, providing immediate rental income. This floor features eight individual offices, ideal for a variety of professional uses. The second floor offers an additional approximately 3,000 square feet of unleased office space, presenting significant potential for expansion or additional rental income. The property's prime location at the corner of Jackson and 3rd Street in Harlingen, Texas, 78550, ensures high visibility and accessibility. This makes it an attractive proposition for businesses seeking a prominent downtown presence. The building's substantial size and flexible layout offer considerable versatility, making it suitable for a range of commercial ventures. The existing lease on the first floor provides a stable income stream, while the vacant second floor presents a chance to increase profitability. This is a rare opportunity to acquire a well-situated, sizable office building in a thriving Texas city. The property's strong location and substantial square footage make it an ideal investment for both seasoned and emerging investors.

Property profile

Verified
Property type Office Spaces
Year built 1950

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

302 Jackson Ave Harlingen, TX 78550
Harlingen metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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