For Sale
$4,000,000

1818 Tyler AveHarlingen, TX 78550

Harlingen, TX Retail Investment

Overview

Added:
Feb 13
Days on market:
48
Harrison Crossing is a multi-tenant retail center in Harlingen, Texas, offering a compelling value-add opportunity. This 17,250-square-foot property, built in 2007, consists of two buildings on 1.28 acres and boasts 86% occupancy. Nine tenants currently occupy the space, including a mix of national, local, and government entities such as H&R Block, Subway, Direct Auto Insurance, T-Mobile, and the Texas Military Department. 72% of the gross leasable area is under triple-net leases, presenting significant upside potential through leasing the vacant suite and converting remaining leases to triple-net. Strategically located on West Tyler Avenue, this property benefits from high daily traffic counts (approximately 60,000 vehicles) and excellent visibility near major retailers like Walgreens, Starbucks, and Pizza Hut. Its prime location in a dense residential area (over 97,211 residents within five miles) and proximity to Valle Vista Mall and Interstate 69 further enhance its appeal. The property's strong NOI of $273,716 and a 6.84% cap rate at an asking price of $4,000,000 make it an attractive investment. The property's accessibility is enhanced by ingress and egress points from all four surrounding streets. The Free Trade Bridge at Los Indios, a key international trade route, is only 10 miles away, adding to the property's strategic location within the Brownsville-Harlingen metropolitan area.

Highlights

  • 17,250 SF multi-tenant retail center in Harlingen, TX, asking $4,000,000.
  • Value-add opportunity; 86% occupied; 72% NNN leases; significant upside potential.
  • Diverse tenant mix including national, local, and government tenants.
  • Two buildings on 1.28 acres, strategically located near Walgreens, Starbucks, and Pizza Hut.
  • High-traffic location on Tyler Ave, major commercial corridor off I-69, with 60,000+ vehicles daily.
  • Near Valle Vista Mall (80+ stores & restaurants), serving Brownsville, Mercedes, Weslaco, and McAllen.

Property Details for 1818 Tyler Ave

Property type
Lifestyle centers, Power centers
Square Feet
17,250 SF
Year Built
2007
Buildings
2
Lot Size (sq. ft)
55,757 SF
Units
10

Location Insight

City
Harlingen
County
Cameron
State
Texas
Latitude
26.1902802
Longitude
-97.715406
1818 Tyler Ave, Harlingen, Texas

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1818 Tyler Ave
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