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$425,000

702 E Harrison Ave, Harlingen, TX, 78550

On MarketInfo
CommercialInfo
Baths4,176 Sq Ft
OfficeOffice
price_per_sqft$101.77 / sqft
Year BuiltBuilt in 1949

Highlights

Interior

Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size21,000 sqft

Building Information

Year Built1949
Stories2
Roof Type114

Land Information

APN18-4040-0440-0010-00
Lot Number1-2,LOT
SubdivisionHarlingen Land & Water Co Subd
Land UseCommercial
Legal DescriptionHARLINGEN LAND & WATER CO SUBD LOT 1-2-3 BLK 44 AKA FAIRVIEW ADDITION LOTS 1,2,3 BLK 4 (VOL 4 PG 46 CCMR)
Census Tract011200
Assessed Land Value$168,000
Assessed Improvement Value$63,547
Assessment Year2025

About this property

Positioned on a major thoroughfare near the heart of downtown Harlingen, the historic Masonic Lodge at 702 E. Harrison Ave offers a rare opportunity to own a landmark property with exceptional size, accessibility, and redevelopment potential. Built in 1949, this impressive two-story building encompasses more than 7,300 square feet and combines timeless character with flexible interior spaces suitable for a wide variety of future uses. The ground floor welcomes visitors through a dedicated entry lobby and features men's and women's restrooms, a commercial-style kitchen, two office spaces, a storage room, and a spacious dining hall or multi-purpose gathering area ideal for events, meetings, receptions, or community functions. Accessible by either staircase or elevator, the second floor includes additional men's and women's restrooms, an office space, three storage areas, and an expansive meeting hall with endless possibilities for assembly, entertainment, or professional use. Conveniently located with easy interstate highway access, this property is ideally positioned for organizations, investors, entrepreneurs, or developers seeking a centrally located building with strong visibility and functionality. Potential future uses include: * Event venue or banquet hall * Community or cultural center * Office or co-working space * Educational or training facility * Nonprofit headquarters * Wedding and reception venue * Private club or social organization * Mixed-use redevelopment opportunity * Restaurant, brewery, or entertainment concept * Fitness, dance, or performance studio With its substantial square footage, historic presence, elevator access, and adaptable layout, the property presents a unique investment opportunity in one of Harlingen's most accessible and growing commercial corridors.

Investor Tools

$0Estimated Mortgage Balance
$231,547Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,550 /month
Positive
Cash Flow Estimate:
$850 /month

Interested in this property?

Allen Torans

Southern Spaces Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$378/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$231,547
2025
$168,000
$63,547
$231,547
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$231,547

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$231,547
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Harlingen

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702 E Harrison Ave | Property Details | No Agent List