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    744 Washington St Brownsville, TX 78520

    For Sale
    $3,900,000

    19,690 SF, Vacant, Redevelopment Opportunity

    Property size:
    19,690 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional mixed-use property, located at 744 E Washington St, Brownsville, Texas 78520, presents a compelling redevelopment opportunity. The 19,690-square-foot building, constructed in 1993, sits on a 27,240-square-foot lot and is zoned for commercial use. Currently vacant, this Class B property offers significant potential for a variety of uses, including creative office and storefront spaces. The two-story building features a desirable 18-foot ceiling height, one loading dock with one dock-high door, and ample parking. Its prime location in Brownsville's energetic downtown district, near the Cameron County Courthouse, City of Brownsville offices, UTRGV, and the revitalized El Jardin, ensures high visibility and accessibility. The building's all-glass front provides outstanding street presence. Building plans for a proposed renovation project are available upon request. The property is offered at $3,900,000 ($198.07/sq ft). This is a unique chance to acquire a substantial property in a thriving urban core, ideal for owner-users seeking a redevelopment project. The property includes a rear loading dock, elevator, and second-floor storage. Subdividing is available up to 19,000 square feet. The APN is 27962.

    Property Features for 744 Washington St

    General Information

    Property type
    Individual retail properties
    Square Feet
    19,690 SF
    Class
    B

    Building Details

    Year Built
    1993
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • Prime location in the heart of the Entertainment and Downtown districts.
    • Subdividable space up to 19,000 square feet.
    • Convenient proximity to UTRGV, city offices, and the Cameron County Courthouse.
    • Excellent street visibility and presence.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    First Call Appliance ... Appliance Repair Service Parra Loan Company Loan Agency Urban Signature Appliances Grill 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
    -97.500626288608
    Latitude
    25.904689110556

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    FAQs

    What type of property is this?
    Individual retail property - 19,690 SF, Vacant, Redevelopment Opportunity
    Where is this individual retail property located?
    The property is located at 744 Washington St Brownsville, TX.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: Prime location in the heart of the Entertainment and Downtown districts.; Subdividable space up to 19,000 square feet.; Convenient proximity to UTRGV, city offices, and the Cameron County Courthouse.
    Request Owner's contact information
    744 Washington 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
    744 Washington St Brownsville, TX 78520
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