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    1141 Elizabeth St Brownsville, TX 78521

    For Sale
    $1,199,000

    Prime Location, Two-Story Commercial Space

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This stunning, two-story historic building at 1141 Elizabeth St., Brownsville, TX 78521, is offered for sale at $1,199,000. Built in 1930, this special-purpose property boasts a total of 8662 square feet situated in the heart of downtown Brownsville. The first floor, encompassing 5560 square feet, has undergone a complete renovation. Features include beautiful wooden floors, exposed brick walls, and elegant architectural details. This expansive, open space is further enhanced by a large room at the rear, offering exceptional versatility. Ideal uses for this floor include retail, restaurant, bar, or even a dance academy. The second floor, measuring 3102 square feet, presents a unique opportunity. Accessible via both an exterior side entrance and an interior staircase from the first floor, this space offers considerable flexibility. Currently configured with rooms off a central hallway, it requires updating and is suitable for a variety of uses, including office space, storage, or even a hotel. The property's prime downtown location and substantial square footage make it an exceptional investment opportunity in a thriving Texas city. The building's historic charm combined with its modern updates creates a unique blend of character and functionality, perfect for a discerning buyer seeking a versatile commercial space. Located in Cameron County, this property is ready for its next chapter.

    Property Features for 1141 Elizabeth St

    General Information

    Property type
    Specialty properties

    Building Details

    Year Built
    1930

    HighLights

    • Historic 8,662 SF building in downtown Brownsville, TX offered at $1,199,000.
    • First floor (5,560 SF) completely renovated with exposed brick, hardwood floors, and versatile open space ideal for retail, restaurant, or other uses.
    • Second floor (3,102 SF) offers flexible space accessible via interior and exterior entrances, requiring updating and suitable for office, storage, or hotel use.
    • Prime downtown location in Cameron County presents an exceptional investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    I Buy Houses ... Industrial Real Estate Agency New York Trading Store Schultz's Garage Door ... Garage Door Supplier

    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?
    Specialty property - Prime Location, Two-Story Commercial Space
    Where is this specialty property located?
    The property is located at 1141 Elizabeth St Brownsville, TX.
    What is the asking price?
    The asking price for this property is $1,199,000.
    What are key features of this property?
    This property features: Historic 8,662 SF building in downtown Brownsville, TX offered at $1,199,000.; First floor (5,560 SF) completely renovated with exposed brick, hardwood floors, and versatile open space ideal for retail, restaurant, or other uses.; Second floor (3,102 SF) offers flexible space accessible via interior and exterior entrances, requiring updating and suitable for office, storage, or hotel use.
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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
    1141 Elizabeth St Brownsville, TX 78521
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