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    1322 Elizabeth St Brownsville, TX 78521

    For Sale
    $275,000

    Historic 4,000 sq ft building, high traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional two-story retail building, situated at 1322 Elizabeth Street in Brownsville, Texas, presents a compelling investment opportunity. Constructed in 1948, the property offers approximately 4,000 square feet of space, divided between 2,800 square feet on the ground floor and 1,200 square feet on the second floor. The building's prime location on historic Elizabeth Street ensures high visibility and excellent walk-in traffic. Its proximity to the International Bridge and the University of Texas Rio Grande Valley (UTRGV) provides significant advantages for businesses seeking a strategic location with high foot traffic. The second floor offers considerable potential for diverse uses, allowing for flexibility and adaptability to various business needs. Furthermore, the property benefits from its location within a vibrant downtown area undergoing revitalization. The Brownsville Community Improvement Corporation (BCIC) offers grants through its Downtown Revitalization Program, presenting an additional incentive for potential buyers. The property's zip code is 78521, and it is located in Cameron County. This is a rare chance to acquire a well-positioned commercial property in a thriving Texas city. The asking price is $275,000.

    Property Features for 1322 Elizabeth St

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    1948
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brownsville
    County
    CAMERON
    State
    Texas
    Longitude
    -97.330053
    Latitude
    25.9739925

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    FAQs

    What type of property is this?
    Retail property - Historic 4,000 sq ft building, high traffic
    Where is this retail property located?
    The property is located at 1322 Elizabeth St Brownsville, TX.
    What is the asking price?
    The asking price for this property is $275,000.
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    1322 Elizabeth St Brownsville, TX 78521
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    Brownsville, TX 78521
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1322 Elizabeth St Brownsville, TX 78521
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