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EXPRESSWAY 83

16.12 Acres of Commercial Land Offered at £4,163,353 in Harlingen, TX 78552

Investment Highlights

  • High Traffic Count
  • City of Harlingen rated AA by S & P with 16 straight months of retail sales growth (3-2018)
  • Near Several Automotive Dealerships
  • 629' of Interstate Frontage Road
  • Depth: 1109' on the west, 1135.8 on east

Executive Summary

The property is rectangular with the east edge bordering the Harlingen Corners Development with 382K sf of leased retail space. Access to the property via a curb cut from I-2 frontage and via an Access Easement from Lincoln Ave. to the south, through Harlingen Corners and from Interstate 2 (Expressway 83). The property is in the SWC of Interstate 2 (Exp. 83) and Interstate 69 (Exp. 77) Interchange. To the east across Interstate 2, is Bass Pro, Sams Club and the future Convention Center and numerous restaurants. To the east of the subject is the State of Texas Travel Information Center, regional mall, Starbucks, Walgreens, Chili's Applebee's, Holiday Inn, Walmart, HEB, Target, Chuck E Cheese's, Bed Bath and Beyond and many other restaurant and retail establishments. The property is well located with access from I-2 and The Harlingen Corners retail development. Brownsville/Matamoros is 26 miles south, Mc Allen/Reynosa is 35 miles west and Houston is about 300 miles north. Harlingen caters to a consumer market of over 2.3 million within a 50 mile radius and 10 million within a 200 mile radius. This area is a true investment opportunity.

Property Facts

Price £4,163,353
Sale Type Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Mixed Use
  • Apartment Units
  • Auto Dealership
  • Hotel
Total Lot Size 16.12 AC
Cross Streets Expressway 77

1 Lot Available

Lot

Price £4,163,353
Price Per AC £258,272
Lot Size 16.12 AC

Rectangular lot with 629' of frontage on Interstate 2 (aka Exp 83) and a depth of 1109'. Utilities are available. Access Easement in place to the property from the Interstate, Harlingen Corners Shopping center and Lincoln Ave.

zoning

Zoning Code General Retail
General Retail
  • Listing ID: 11534365

  • Date on Market: 08/02/2018

  • Last Updated:

  • Address: EXPRESSWAY 83, Harlingen, TX 78552

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