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    FOR SALE
    Commercial real estate

    514 N L St Harlingen, TX 78550

    43,635 SF 2.02 ac lot Built 2000
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US82-0306803
    514 N L St, Harlingen, TX 78550 For Sale 1 / 54
    $2,750,000 43,635 SF
    514 N L St, Harlingen, TX 78550
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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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    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
    AMG HOLDINGS LLC
    AMG HOLDINGS LLC
    Zoning & alternative use
    C · Harlingen, TX
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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