Property profile

514 N L St Harlingen, TX 78550

FOR SALE
Commercial real estate
Property ID
US82-0306803
43,635 SF 2.02 ac lot Built 2000
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2.015-acre industrial property located at 514 N L Street, Harlingen, Texas, 78550, presents a remarkable investment opportunity. Built in 1980, this warehouse boasts a fresh coat of exterior paint and offers significant redevelopment potential. Previously used as cold storage, the property is currently zoned light industrial, allowing for diverse business applications. City approval has been granted for building modifications, opening doors to various possibilities, including conversion into a business plaza with office suites, a mercado, or a vehicle storage facility. The property's versatility extends to potential rezoning for commercial use, further expanding its potential. This prime location in Cameron County offers easy access to major transportation routes and a thriving local market. The asking price is $1,829,400, and owner financing is available. All offers are welcome. Don't miss this chance to acquire a highly adaptable property with substantial upside potential in a dynamic Texas market. Contact us today to schedule a viewing and explore the possibilities.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2000
Total area 43,635 SF
Lot 2.02 ac (87,782 SF)
Zoning code C
APN 18-4620-0020-0010-00
UPID US82-0306803

Cap rate & NOI

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

Location

514 N L St Harlingen, TX 78550
Harlingen metro Census 10500 BROWNSVILLE-HARLINGEN, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.21M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.33M
Blend (final) Blend
$1.77M

Owner & transaction history

Zoning & alternative use

C · Harlingen, TX

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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