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    37 Palm Blvd Brownsville, TX 78520

    For Sale
    $195,000

    Historic District Commercial Lot, 8,999 sq ft.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional commercial land parcel, priced at $195,000, presents a compelling investment opportunity in Brownsville, Texas. Located at 37 Palm Boulevard, this 8,999.93 square foot lot sits prominently in the city's Historic District at the corner of Palm Boulevard and West Fronton. The property is designated for Light Industrial use and boasts a unique feature: a warehouse area complete with original lumber racks, offering potential for adaptive reuse or continued use in related industries. Built in 1962, the land provides a solid foundation for various commercial ventures, capitalizing on its prime location and existing infrastructure. The address is 37 Palm Boulevard, Brownsville, TX 78520, within Cameron County. Its coordinates are 25.9067743 latitude and -97.5099642 longitude. This property is ideal for entrepreneurs and investors seeking a well-situated lot with existing structures in a vibrant historic area. The size and zoning offer flexibility for a range of commercial developments, making it a truly attractive proposition. Serious inquiries are encouraged to explore the full potential of this unique offering.

    Property Features for 37 Palm Blvd

    General Information

    Property type
    Land

    Building Details

    Year Built
    1962

    HighLights

    • $195,000 asking price.
    • 8,999.93 sq ft lot.
    • Commercial land in Brownsville, TX.
    • Located in Brownsville's Historic District.
    • Light Industrial designation.
    • Includes a warehouse with original lumber racks.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Brownsville
    County
    Cameron
    State
    Texas
    Longitude
    -97.5099642
    Latitude
    25.9067743

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    FAQs

    What type of property is this?
    Land - Historic District Commercial Lot, 8,999 sq ft.
    Where is this land located?
    The property is located at 37 Palm Blvd Brownsville, TX.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: $195,000 asking price.; 8,999.93 sq ft lot.; Commercial land in Brownsville, TX.
    Request Owner's contact information
    37 Palm Blvd 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
    37 Palm Blvd Brownsville, TX 78520
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