208 Arroyo Blvd Los Fresnos, TX 78566-3272

Property Details for 208 Arroyo Blvd

Year built

1979

Lot size

0.18 lot acres

Property size

2,430 SF

Property type

Commercial real estate

APN

37-0000-0220-0290-00

APU

3700000220029000

Description

This exceptional investment opportunity presents a fully leased, mixed-use property in the thriving Los Fresnos, Texas market. The property comprises two buildings totaling 4,680 square feet of net rentable space on a 7,900 square foot lot encompassing three parcels. A 2,430 square foot office building, constructed circa 1979 and renovated in 2019, features CMU construction and includes executive offices, multiple workspaces, a conference room, kitchen, and restrooms. Adjacent is a 2,250 square foot warehouse, built circa 1992 and also updated in 2019, boasting a pre-engineered steel frame with steel panel cladding and a 16-foot peak height. The property offers 11 parking spaces, including ten designated spaces and one additional space at the rear of the office building, supplemented by ample street parking. Located on North Arroyo Boulevard, the property benefits from 79 feet of frontage and enjoys convenient access to major transportation arteries, including Interstate 69E (approximately 6.5 miles), the Port of Brownsville (approximately 10.5 miles), Brownsville/SPI Airport (approximately 15 miles), and Valley International Airport (approximately 20 miles). The property is zoned C-3, Central Business District, allowing for versatile office and/or retail uses. Situated in Flood Zone X, the risk of significant flooding is minimal. The property boasts a strong 5.40% cap rate and a substantial net operating income (NOI) of $25,704, reflecting a stabilized investment with a current asking price of $425,000 ($90.81 per square foot). The property's proximity to significant developments, including SpaceX and various LNG projects, further enhances its long-term investment potential. This is a rare opportunity to acquire a high-performing, mixed-use asset in a rapidly growing area.