Address
2353 Old Port Isabel Road Brownsville, TX
Price
$ 1,150,000
Property Attributes
  • MLS#335833
  • TypePending
  • CountyCAMERON
  • CityBrownsville
  • AreaBrownsville
  • NeighborhoodChelsea Estates
  • Zip78521
  • StyleCommercial
  • Year Built1950
  • Taxes$ 23756
  • Price$ 1,150,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage13211
  • Lot Size2.12 Acres
Listing Provided Courtesy Of:
Equity Assets Realty
Data Source:
Greater McAllen Association of REALTORS® (GMAOR) - 118 - TX
Property Description

FULLY OCCUPIED corner commercial location this property is a 13,211-square foot mixed-use retail and office. The improvements were originally constructed in 1950, expanded in 2009, renovated in 2011, and are situated on a 2.12-acre site. This location is anchored by a Bar & Grill that consists of a 6,971 square-foot main building, which is 100% occupied by Zocalo Bar & Grill, and a 6,240 square-foot office building which is 100% occupied by three tenants. As per the seller's recent appraisal, effective gross income is $215,006 with an NOI of $144,812 giving you a solid cap rate of 9%. The seller has authorized the partial release of recent appraisal from March 2020 to show an appraisal value of $1,650,000. If you are interested in a private tour call me today.

Price History
6/19/2020 Listed $1,450,000
9/18/2020 14% - $1,250,000
3/3/2021 8% - $1,150,000

General Features

Accessibility ADA Accessible
Appliances Electric Water Heater, Water Heater (Electric Heat Pump)
Association Y/N No
Building Area Units Square Feet
Carport Spaces 84
Carport Y/N Yes
City Brownsville
Construction Materials Stucco
Cooling Central Air, Zoned, Electric
County Cameron
Current Use Bar/Tavern, Business Service, Office, Professional Service, Restaurant, Retail
Directions From Expressway 77 exit Ruben M Torres and turn east on Ruben M Torres head east till you reach Old Port Isabel Rd the property will be on the right.
Electric Separate Electric Meters
Energy Efficient Thermostat
Flooring Tile
Garage Y/N No
Grounds Decorative Lighting, Irrigation, Landscaped, Mature Trees, Sidewalks, Sprinkler System
Possession Closing and Funding
Property SubType Commercial
Property Type Commercial Sale
Roof Flat
Security Features Security Lights
Standard Status Pending
Status Pending
Street Name Old Port Isabel
Subdivision Name Chelsea Estates
Tax Annual Amount 23756
Tax Year 2019
Year Built 1950
Zoning C

Interior Features

Air Conditioning Y/N Yes
Living Area 13211
Living Area Units Square Feet
Livingareasource Cameron CAD
Retail SqFT 6971
Street Suffix Road

Exterior Features

Building Area Total 13211
Covered Spaces 84
Lot Size Acres 2.12
Lot Size Area 92347
Lot Size Square Feet 92347
Lot Size Units Square Feet
Other Equipment Pole Sign, Roof Sign
Parking Features Paved
Road Frontage Type City Street, FM Road
Total Parking 84
Water Source Separate Water Meters

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 78521

Price
AVG $410K
$1.15M
Taxes
AVG $7,075
$23,756
Visits
AVG 49
97
Year Built
AVG 1997
1950

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