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    2353 Old Port Isabel Road

    Brownsville, TX 78521
    • $1,250,000
    • STATUS: Active
    • ON SITE: 102 days
    • MLS #: 335833
    Price Reduced
    UPDATED: 51 min ago
    $1,250,000
    • 0
      BEDS
    • 2.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,211
      SQFT
    • $95
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1950
    County:
    Area:

    School Ratings & Info

    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.

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    © 2020 Greater McAllen Association of Realtors Multiple Listing Service.
    IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Jinks Realty. Data last updated: 2020-09-29T11:16:37.44.
    www.jinksrealty.com/homes/107001736
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    2353 Old Port Isabel Road Brownsville, TX 78521

    • Price: $1,250,000
    • Status: Active
    • Updated: 51 min ago
    • MLS #: 335833
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.12
    Acres
    13,211
    SQFT
    $95
    $/SQFT
    1950
    Built
    Neighborhood:
    Chelsea Estates
    County:
    Cameron
    Area:
    Brownsville
    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.
    Exterior Features

    Access City StreetFm Road Carport Spaces 84.00 Exterior Siding Stucco Grounds Decorative LightingIrrigationLandscapedMature TreesSidewalksSprinkler System Parking Paved Roof Flat

    Interior Features

    Flooring Type Tile Office Sq Ft 6240 Other Bldg Sq Ft 0 Retail Sq Ft 6971 Warehouse Sq Ft 0 Water Heater ElectricElectric Heat Pump

    Property Features

    Amenities Pole SignRoof SignSeparate Electric MetersSeparate Water Meters Energy Features Programmable Thermostat Hvac CentralCentral ZonedElectric Poa YN No Present Use Bar/TavernBusiness ServiceOfficeProfessional ServiceRestaurantRetail Property Sub Type Commercial Reo No Site Features Security Lighting Taxes Wo Exemption 23756

    Listing by Rogelio (Roy) Vela of Equity Assets Realty.
    © 2020 Greater McAllen Association of Realtors Multiple Listing Service.
    IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Jinks Realty. Data last updated: 2020-09-29T11:16:37.44.
     
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    Jinks Realty
    204 E Cano Street, Suite 2.111
    Edinburg TX, 78539