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Value Add Investment Opportunity 2000 S Expressway 83

101,103 SF Retail Building Harlingen, TX 78552 $6,600,000 ($65/SF)

Investment Highlights

  • Excellent Owner/ User Investment
  • Located in the Core Retail Corridor in the Trade Area
  • Strong Population within 15 minute drive
  • Strong Value- Add Return Potential
  • Benefits from Significant Texas- Mexico Trade Activity - $615 Billion in 2023
  • Harlingen Airport is only Southwest Hub serving the entire Rio Grande Valley

Executive Summary

Faris Lee Investments (“FLI”) has been engaged as the exclusive financial advisor to the Seller in connection with the Seller’s solicitation of offers for the purchase of this property. Prospective purchasers are advised that, as part of the solicitation process, the Seller will be evaluating several factors, including the current financial qualifications of the prospective purchaser. The Seller expressly reserves the right, in its sole and absolute discretion, to evaluate the terms and conditions of any offer and to reject any offer without providing a reason. Additionally, the Seller reserves the right to terminate the solicitation process at any time prior to the final execution of the Purchase Agreement.
The information contained in this Offering Memorandum is confidential and is provided solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or shared with any other person without the express written consent of the Seller or FLI. The material is based in part upon information supplied by the Seller and in part upon financial information obtained by FLI from sources deemed reasonably reliable. Summaries of any documents are not intended to be comprehensive or all-inclusive, but instead, they outline some provisions contained therein, which are qualified in their entirety by the actual documents to which they relate. This Memorandum contains select information pertaining to the Property and the Owner but does not claim to be all-inclusive or contain all or part of the information that prospective investors may require to evaluate the purchase of the Property.
The information contained in this Offering Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All information is presented "as is" without representation or warranty of any kind. Such information includes estimates based on forward-looking assumptions related to the general economy, market conditions, competition, and other factors that are subject to uncertainty and may not represent the current or future performance of the Property. Prospective purchasers are advised to independently verify the accuracy and completeness of all summaries and information contained herein, consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and the Property’s suitability for their needs. Any reliance on the content of this memorandum is solely at the purchaser's own risk.
No representation or warranty, expressed or implied, is made by the Seller, FLI, or any of their respective affiliates as to the accuracy or completeness of the information contained herein. Prospective purchasers should make their own projections and form their own conclusions without relying on the material contained herein and conduct their own due diligence, including engineering and environmental inspections, to determine the condition of the Property and the existence of any potentially hazardous material located at the Property site or used in the construction or maintenance of the building at the Property site.
A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against the Seller, FLI, or any of their affiliates or any of their respective officers, directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property.
Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited.
Prospective purchasers are not to construe the contents of this Offering Memorandum or any prior or subsequent communication from FLI, the Seller, or their affiliates, or any of their respective officers, directors, shareholders, owners, employees, or agents as legal, tax, or other advice. Prior to submitting an offer, prospective purchasers should consult with their own legal counsel and personal and tax advisors to determine the consequences of an investment in the Property and arrive at an independent evaluation of such investment.
TEXAS BROKER OF RECORD
BRIAN A. KAPLAN
TX License No.: 591407

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
101,103 SF
Building Class
B
Year Built
1984
Price
$6,600,000
Price Per SF
$65
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
7.39 AC
Zoning
C - Commercial District
Parking
300 Spaces (2.97 Spaces per 1,000 SF Leased)
Frontage
397 FT on South Expressway 83

Amenities

  • Signage
  • Air Conditioning

Nearby Major Retailers

IHOP
Olive Garden Italian Rstrnt
Gold's Gym
Rent-A-Center
Logan's Roadhouse
Starbucks
H-E-B
Freddy's Frozen Custard & Steakburgers
Buddy's Home Furnishings
PNC Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
184110-0010-001000
Land Assessment
$3,435,865
Improvements Assessment
$11,328,509
Total Assessment
$14,764,374
  • Listing ID: 34082171

  • Date on Market: 12/4/2024

  • Last Updated:

  • Address: 2000 S Expressway 83, Harlingen, TX 78552

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