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Corporate Surplus - 8,375 SF Walmart Shadow Retail Building Harlingen, TX

Property Location MAP

1106 S Expressway 83
Harlingen, TX 78552

Property #: KEY5175

Contact Agent

Kelly Toney, CAI
Tranzon Asset Advisors

713-816-1123 Or 888-621-2110 ktoney@tranzon.com

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Description

Note: Online bidding will close on Tuesday, May 12 at 3:00pm ET (2:00pm CT)
 
This well-positioned freestanding retail building offers exceptional visibility and access along one of the Rio Grande Valley's most heavily traveled commercial corridors. Originally constructed in 1999 and situated on a fully developed +/-0.87-acre site, the single-story structure with open floorplan totals approximately +/-8,375 square feet making it well-suited for a wide range of retail, restaurant, or service-oriented operators. Currently vacant, the property presents a turnkey redevelopment or repositioning opportunity in a proven commercial trade area. Features Include:
  • Location: Prime Expressway 83 frontage at W. Lincoln Avenue. Direct exposure to one of the highest-traffic arterials in the Rio Grande Valley, a primary commercial corridor serving Harlingen, San Benito, and surrounding communities
  • Adjacent to Walmart Supercenter
  • Traffic Counts:
    - South Expressway 83: 66,000 VPD
    - West Lincoln Ave: 16,420 VPD
  • Metro population of approximately 421,000 within the Cameron County trade area
  • Median household income of $54,615 with projected income growth of 2.63% over the next five years
  • Zoned GR (General Retail): Harlingen's broadest retail/commercial classification, supporting a wide range of permitted uses. Please review Restrictive Covenants in addition to zoning ordinance.
  • FEMA Flood Zone X: No flood insurance requirement
  • Parking: 28 spaces
  • High visibility pylon signage
  • Free and clear title with no back taxes makes this a clean and compelling investment opportunity.
 
Parcel ID#: 15-6180-0000-0030-00
2025 Tax Assessment: $883,654
2026 Annual Taxes: $17,116.06
 
Note to Buyers: Closing will be handled by Fidelity National Title’s National Commercial Services Division in Phoenix, AZ with Seller paying for Buyer’s title insurance. Closings are normally done remotely.
 
Click on “ACCESS PROPERTY DOCUMENTS.” The Property Information Package contains information, including the sales contract, not available elsewhere.

Tranzon Asset Advisors of Texas, LLC, # 9008058, Kelly D. Toney, TX Auctioneer #11818, Broker #0421809

Terms & Conditions

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Kelly Toney, CAI

Kelly Toney, CAI: Tranzon Asset Advisors

713-816-1123 ktoney@tranzon.com

All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

Print Terms and Conditions

  • Buyer's Premium: 10% Buyers Premium based on the high bid.
  • Closing: 35-Day closing, sold in As-Is condition, no contingencies.
  • Deposit Amount: Online registration requires $9,900 hold on a valid credit card. The hold will be released post-auction. A 10% deposit is due within 48 hours of being notified that you are the successful high bidder.
  • Buyer Agent Compensation: 1% of the high bid will be paid to a properly registered buyer's agent at settlement.
  • Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
  • Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.

Online Bidding Instructions:

See terms and conditions in the property information package.

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