37 Palm Blvd Brownsville, TX 78520
- Commercial real estate
- 8,909 SF
- 0.21 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 37 Palm Blvd
- Year built
- 1962
- Lot size
- 0.21 lot acres
- Property size
- 8,909 SF
- Property type
- Commercial real estate
- APN
- 06-8190-0030-0010-00
- APU
- 681900030001000
Description
This exceptional investment opportunity presents a unique property situated on the highly desirable corner of Palm Blvd and West Fronton in Brownsville, Texas. Located within the city's Historic District, this special purpose property, built in 1962, is zoned for light industrial use. The asking price is $195,000. The property features a substantial warehouse area, complete with its original lumber racks, offering significant potential for various commercial ventures. The building's age adds to its character and charm, presenting a blend of historical significance and modern adaptability. The address is 37 Palm Blvd, Brownsville, TX 78520, in Cameron County. Its prime location within the historic district offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a unique and established presence in Brownsville. The property's existing infrastructure, including the well-preserved lumber racks, provides a solid foundation for immediate occupancy or renovation, depending on the buyer's specific needs and vision. This is a rare chance to acquire a piece of Brownsville's history with significant commercial potential. The property's light industrial zoning opens doors to a variety of uses, making it a versatile and valuable asset.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $330,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $455,000
- 6.5%
- $460,000
- 7%
- $435,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $355,000
- Geo Method
- $340,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $365,000
- Retail
- $410,000
- Mixed-Use
- $365,000
- Hospitality
- $420,000
- Educational
- $425,000
- Residential Income
- $400,000
- Energy
- $475,000
- Income-Based Land
- $355,000
- Food Service
- $405,000
Location Insight
- Map
- Local Demand
- City
- Brownsville
- County
- Cameron
- State
- Texas
- Longitude
- -97.51
- Latitude
- 25.9068
- CBSA code
- 15180
- CBSA name
- BROWNSVILLE-HARLINGEN, TX METROPOLITAN STATISTICAL AREA
