Fm 106 Harlingen, TX 78550
- Warehouses
- 12,500 SF
- 1.30 lot acres
Current Use by Public Records
- Warehouses
Property Details for 0 Fm 106
- Year built
- 2023
- Lot size
- 1.30 lot acres
- Property size
- 12,500 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional 12,500-square-foot Class A industrial warehouse, situated on a 1.3-acre lot in Harlingen, Texas, presents a compelling investment opportunity. Built in 2023, this single-story building boasts a 20-foot graduated ceiling height, six 12' x 14' grade-level doors, and approximately 2,520 square feet of office space within the 9,980 square foot warehouse. The warehouse dimensions are 80' x 156.25'. Conveniently located at the intersection of FM 509 and FM 106, this property offers easy access to the I-69 corridor, just five minutes away. The property is zoned for industrial use and is part of Harlingen Industrial Park - Phase III, providing excellent ingress/egress from FM 106 and FM 509. The asking price is $1,037,500, representing a 9.00% cap rate and a price per square foot of $83. The property is currently vacant and available for immediate occupancy. The seller, a general contractor, offers build-to-suit options to accommodate specific business needs. Note that water, sewer, trash, and mowing are additional costs. The property is offered as a Net NNN lease. The approximate lot dimensions are 186' x 268'. This is a freestanding warehouse with a concrete drive. Ownership is held by Valley Limited Partnership.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Harlingen
- County
- Cameron
- State
- Texas
- Longitude
- -97.6279
- Latitude
- 26.1907