802 Us Hwy 77 & State Hwy Brownsville, TX 78520
North Towne Plaza, located at the key intersection of US Highway 77 and State Highway 802 in Brownsville, Texas (zip code 78520), presents a significant retail investment opportunity. This multi-tenant property boasts a total of 766,639 square feet across 13 suites, with a minimum divisible space of 4,000 square feet and a maximum contiguous space of 247,856 square feet. Currently, all 766,639 square feet are vacant, offering a unique chance to establish a substantial retail presence. The property sits on a lot ranging from 0.58 to 5.69 acres and provides ample parking with 1,119 spaces. Its strategic location at the intersection of two major highways makes it a focal point for retail in the region, serving both Brownsville and Matamoros, Mexico. The plaza benefits from its proximity to Sunrise Mall and Sunrise Commons, the largest power center in Brownsville, and is situated near Highway 281, the region's primary retail corridor. Established anchors such as Lowe's Home Improvement and Cinemark Theater further enhance the property's appeal and draw significant traffic. This is an exceptional opportunity to capitalize on a high-traffic location within a thriving retail market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.