1221 7Th St Harlingen, TX 78550
- Commercial real estate
- 12,120 SF
- 0.49 lot acres
Current Use by Public Records
- La Michoacana Meat Market / Mexican Restaurant / Produce Market
- Vivian L&B | LA MICHOACANA / Health And Beauty Shop
- Barri Booth / Money Transfer Service / Check Cashing Service
Property Details for 1221 7Th St
- Year built
- 1966
- Lot size
- 0.49 lot acres
- Property size
- 12,120 SF
- Zone code
- C
- Property type
- Commercial real estate
- APN
- 15-9800-0020-0000-00
- APU
- 1598000020000000
Description
This exceptional investment opportunity presents a fully operational, family-owned meat market and its accompanying retail space located at 1221 N 7th St, Harlingen, Texas, 78550. The property encompasses a substantial 16,201 square feet, ideally situated in Cameron County, offering high visibility and ample parking. This turnkey operation is renowned for its high-quality products and loyal customer base, ensuring a seamless transition for a new owner. The well-maintained facility is equipped for efficient operations and presents significant potential for expansion, catering to the needs of a growing market. The business boasts a strong local reputation and a promising future, making it an attractive proposition for investors and entrepreneurs seeking a proven, established enterprise. The property's prime location in Harlingen, Texas, provides excellent access to a dense population base, further enhancing its investment appeal. This complete package includes both the thriving business and the real estate, offering a unique opportunity to acquire a successful, established venture with immediate revenue generation potential. The property is classified as Retail, with subtypes including Convenience Store, Grocery Store, and Shopping Center. This is a rare chance to own a well-regarded business with a solid track record and significant growth potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $495,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $630,000
- 6.5%
- $660,000
- 7%
- $600,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $605,000
- Geo Method
- $605,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $625,000
- Retail
- $655,000
- Mixed-Use
- $625,000
- Hospitality
- $615,000
- Educational
- $620,000
- Residential Income
- $690,000
- Energy
- $615,000
- Income-Based Land
- $785,000
- Food Service
- $655,000
Location Insight
- Map
- Local Demand
- City
- Harlingen
- County
- Cameron
- State
- Texas
- Longitude
- -97.6895
- Latitude
- 26.205
- CBSA code
- 15180
- CBSA name
- BROWNSVILLE-HARLINGEN, TX METROPOLITAN STATISTICAL AREA