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    1159 Elizabeth St Brownsville, TX 78520

    For Sale
    $950,000

    Historic building, high foot traffic, renovation underway

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 2-story, 1875-built commercial property at 1159 Elizabeth St., Brownsville, TX 78520, is offered at $950,000. Classified as a Class C retail/special purpose building, it presents a unique investment opportunity in a rapidly developing downtown area. The property boasts a prime location with high foot traffic, surrounded by a vibrant mix of entertainment venues, restaurants, and an art museum. Its strategic position makes it an ideal candidate for consideration under the BCIC grant program, offering potential for significant financial incentives. The building currently has renovations in progress, enhancing its appeal and potential return on investment. The absence of loading docks may limit certain types of businesses, but the high pedestrian traffic makes it suitable for retail uses. The seller is open to a 1031 exchange, providing added flexibility for qualified buyers. This property requires independent verification of all details by the purchaser. The property is located in Cameron County.

    Property Features for 1159 Elizabeth St

    General Information

    Property type
    Specialty properties
    Class
    C

    Building Details

    Year Built
    1875
    Stories
    2

    HighLights

    • Prime Brownsville, TX location at 1159 Elizabeth St. Offered at $950,000.
    • Class C, 2‑story, 1875‑built retail/special purpose building.
    • High foot traffic in a rapidly developing downtown area near entertainment, restaurants, and an art museum.
    • Eligible for BCIC grant program incentives.
    • Undergoing renovations.
    • No loading docks; suitable for retail uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bellíssíma Gowns & Dresses Clothing Store

    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
    -97.4980445
    Latitude
    25.901354

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    FAQs

    What type of property is this?
    Specialty property - Historic building, high foot traffic, renovation underway
    Where is this specialty property located?
    The property is located at 1159 Elizabeth St Brownsville, TX.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Prime Brownsville, TX location at 1159 Elizabeth St. Offered at $950,000.; Class C, 2-story, 1875-built retail/special purpose building.; High foot traffic in a rapidly developing downtown area near entertainment, restaurants, and an art museum.
    Request Owner's contact information
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    Brownsville, TX 78520
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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
    1159 Elizabeth St Brownsville, TX 78520
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