1159 Elizabeth St Brownsville, TX 78520
- Commercial real estate
- 5,936 SF
- 0.14 lot acres
Current Use by Public Records
- Bellíssíma Gowns & Dresses / Clothing Store
Property Details for 1159 Elizabeth St
- Year built
- 1875
- Lot size
- 0.14 lot acres
- Property size
- 5,936 SF
- Zone code
- C
- Property type
- Commercial real estate
- APN
- 01-0000-0640-0120-00
- APU
- 100000640012000
Description
This exceptional 2-story, 1875-built commercial property at 1159 Elizabeth St., Brownsville, TX 78520, is offered at $950,000. Classified as a Class C retail/special purpose building, it presents a unique investment opportunity in a rapidly developing downtown area. The property boasts a prime location with high foot traffic, surrounded by a vibrant mix of entertainment venues, restaurants, and an art museum. Its strategic position makes it an ideal candidate for consideration under the BCIC grant program, offering potential for significant financial incentives. The building currently has renovations in progress, enhancing its appeal and potential return on investment. The absence of loading docks may limit certain types of businesses, but the high pedestrian traffic makes it suitable for retail uses. The seller is open to a 1031 exchange, providing added flexibility for qualified buyers. This property requires independent verification of all details by the purchaser. The property is located in Cameron County.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $325,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $465,000
- 6.5%
- $390,000
- 7%
- $435,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $415,000
- Geo Method
- $435,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $495,000
- Retail
- $500,000
- Mixed-Use
- $420,000
- Hospitality
- $440,000
- Educational
- $515,000
- Residential Income
- $385,000
- Energy
- $515,000
- Income-Based Land
- $375,000
- Food Service
- $490,000
Location Insight
- Map
- Local Demand
- City
- Brownsville
- County
- Cameron
- State
- Texas
- Longitude
- -97.4981
- Latitude
- 25.9013
- CBSA code
- 15180
- CBSA name
- BROWNSVILLE-HARLINGEN, TX METROPOLITAN STATISTICAL AREA
