Former Restaurant
7738 PADRE ISLAND HWY. Brownsville, TX 78521
7738 PADRE ISLAND HWY., Brownsville, TX, 78521
$1,050,000
For Sale
$1,050,000
Former restaurant building available for sale on a half acre lot along a high-traffic port access route.
Property Size3,220 SF
Lot Size0.50 Acres
Price / SF$326.09
Days on Market614
Property Features for 7738 PADRE ISLAND HWY.
General Information
- Standard status
- Active
- Size
- 3,220 SF
- Lot size
- 0.50 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 2000
Listing agency
Texas Stars Realty Group, LLC
(956) 561-0377
Listed by
Nicolas Rodriguez · License #0494405
(956) 561-0377
Source
Xome
Added: Nov 15, 2024 Updated: Jul 21 at 7:14PM Checked: Jul 22 at 3:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Texas Stars Realty Group, LLC
Investment Insights
Based on property information with market context.
This commercial building is offered for sale and was formerly operated as Mariscos de la Rosa. The property is configured as a restaurant facility within a single commercial structure.
Located along Padre Island Hwy. near the route toward the Port of Brownsville, the site benefits from high traffic. A for-lease option is also available.
The sale listing price is $1,050,000 and the building size is 3,220 square feet, sitting on a half-acre lot.
Located along Padre Island Hwy. near the route toward the Port of Brownsville, the site benefits from high traffic. A for-lease option is also available.
The sale listing price is $1,050,000 and the building size is 3,220 square feet, sitting on a half-acre lot.
Key Highlights
- Former restaurant building available for sale on a half‑acre lot
- Located on a high‑traffic route to the Port of Brownsville
- Year built: 2000
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.4k | $14.40 |
| − Vacancy | −$2.6k | −$0.81 |
| EGI | $43.8k | $13.59 |
| − OpEx | −$10.9k | −$3.40 |
| NOI | $32.8k | $10.20 |
3,220 SF · lease $14.40/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$469.0K
$410.4K – $547.2K
NOI $32,829 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$554.4K
$485.1K – $646.8K
NOI $38,810 @ 7.0% cap · market cap 3.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mariscos De La ...
Restaurant
Mariscos el puerto ...
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Former restaurant building available for sale on a half acre lot along a high-traffic port access route.
Where is this conventional restaurant located?
The property is located at 7738 PADRE ISLAND HWY. Brownsville, TX.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Former restaurant building available for sale on a half‑acre lot; Located on a high‑traffic route to the Port of Brownsville; Year built: 2000
