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    1245 Elizabeth St Brownsville, TX 78520

    Sponsored
    For Sale
    $675,000

    Historic building, prime location, renovation underway.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This unique special purpose property, located at 1245 Elizabeth St. in Brownsville, Texas, 78520, is offered at $675,000. Built in 1895, the property is undergoing renovations and sits in a rapidly developing downtown area. The high foot traffic area boasts numerous restaurants, entertainment venues, and an art museum, creating a vibrant and attractive environment. The property's strategic location makes it a strong candidate for consideration under the BCIC grant program. This presents a significant opportunity for investors seeking a unique property in a thriving urban setting. The property's historical character combined with its modernizing improvements offers a compelling investment proposition. A 1031 exchange will be considered. Buyers are responsible for independently verifying all information regarding the property's details and accuracy. The property is situated in Cameron County. Geographic coordinates are 25.9007421 latitude and -97.497421 longitude.

    Property Features for 1245 Elizabeth St

    General Information

    Property type
    Specialty properties

    Building Details

    Year Built
    1895

    HighLights

    • $675,000 asking price.
    • Special purpose property.
    • 1895 construction.
    • Located at 1245 Elizabeth St, Brownsville, TX 78520.
    • Situated in a rapidly developing downtown area with ongoing renovations.
    • High foot traffic area with nearby entertainment, restaurants, and an art museum.
    Property Profile Location Intelligence

    Current Use by Public Records

    Nice Shoes Inc Shoe 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
    -97.497421
    Latitude
    25.9007421

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    FAQs

    What type of property is this?
    Specialty property - Historic building, prime location, renovation underway.
    Where is this specialty property located?
    The property is located at 1245 Elizabeth St Brownsville, TX.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: $675,000 asking price.; Special purpose property.; 1895 construction.
    Request Owner's contact information
    1245 Elizabeth St Brownsville, TX 78520
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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
    1245 Elizabeth St Brownsville, TX 78520
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