Property summary
This exceptional 5,084 square foot medical office condo is situated within a 20,000 square foot, two-story building in Harlingen, Texas. Ideally located near Valley Baptist Hospital in the Hospital District, this Class B property boasts a desirable location and strong tenant history. The unit features a spacious waiting area with five service windows, ten exam rooms, a large records room, four doctors' offices, an x-ray room, a lab area, and separate break rooms and restrooms for patients and staff. Four covered parking spaces are conveniently located at the rear of the building. Built in 1973, this property sits on a five-acre lot and offers a 14-foot ceiling height. The building is managed by a Property Owners Association with monthly fees of $1600. The property includes ample parking and is zoned for commercial use. The Cameron County location, within the Rio Grande Valley submarket, offers easy access to major roadways and a thriving medical community. Taxes are $2.55 per square foot. The building currently has 6,384 square feet of vacant space. This property presents a unique opportunity for medical professionals seeking a well-established and conveniently located practice space. The previous tenant operated a successful internal medicine practice for over two decades. Current co-tenants include a variety of medical specialists, ensuring a vibrant and collaborative environment. The property's APN is 72210.
Property profile
VerifiedCap rate & NOI
Current use
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Physician
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Physician
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Physician
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Physician
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Laboratory
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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