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    FOR SALE
    Commercial real estate

    744 E Washington St Brownsville, TX 78520

    19,690 SF 0.63 ac lot Built 1993
    Entity Owned 25-yr Hold Free & Clear
    Property ID
    US82-3846724
    744 E Washington St, Brownsville, TX 78520 For Sale 1 / 49
    $3,900,000 19,690 SF
    744 E Washington St, Brownsville, TX 78520
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    Property summary
    AI-generated overview

    This exceptional commercial property, located at 744 E Washington St, Brownsville, Texas 78520, offers 19,690 square feet of versatile space ideal for coworking or traditional office use. The building, constructed in 1993, features a two-story design with 18-foot ceilings and is situated on a 0.625-acre lot (27,240 sq ft). The property boasts a prominent street presence with all-glass fronts, enhancing visibility and attracting attention. Multiple suites are available, with a minimum divisible space of 5,000 square feet and a maximum contiguous space of 19,690 square feet. Convenient amenities include a rear loading dock, an elevator, second-floor storage, and a covered parking area. The property is zoned commercial and benefits from its strategic location in Brownsville's energetic downtown district, near the Cameron County Courthouse, City of Brownsville, UTRGV, and the revitalized El Jardin. Building plans are available upon request for any proposed renovation projects. The property's single-phase power and its six total suites offer flexibility for various business needs. This prime location presents a unique opportunity to establish a presence in a thriving community. The annual property taxes are $29,000. The APN is 27962, and the property is located in the Rio Grande Valley submarket cluster of Cameron County.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1993
    Total area 19,690 SF
    Lot 0.63 ac (27,238 SF)
    Zoning code C
    APN 01-0000-0680-0010-00
    UPID US82-3846724
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • First Call Appliance Service Home Appliance Store
    • Parra Loan Company Loan Service
    • Urban Signature Appliances (Bike/Boat/Book/etc) Store Home Appliance Store
    3 occupants on record
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.63M
    Blend (final) Blend
    $1.79M
    Owner & transaction history
    PARRA LOAN COMPANY
    PARRA LOAN COMPANY
    Zoning & alternative use
    C · Brownsville, TX
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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