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Southmost (2305) 2305 Southmost Rd 3,200 SF 33% Leased Retail Building Brownsville, TX 78521 $850,000 ($265.63/SF)
INVESTMENT HIGHLIGHTS
- 3 Tenant Retail Building!
- Corner Lot!
- Located on Major Thoroughfare!
EXECUTIVE SUMMARY
REDUCED - Was $920,000! - 3 Unit Commercial Building: Unit 1 - Tenant: Payment 1 Financial; Units 2 & 3 - Need Finish Out.
Great opportunity for Investor/ User. Finish Out estimated at $70,000.00. NOI projections $76,800.00 @ $2NNN. Potential: 8% CAP +.
On the east corner of the intersection of Southmost Rd (FM 1419) and E 23rd St.
*The information contained herein was obtained from sources believed reliable, however, Coastal Realty makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The representation of this property is subject to errors, omissions, prior sale or lease or withdrawal without notice.
Great opportunity for Investor/ User. Finish Out estimated at $70,000.00. NOI projections $76,800.00 @ $2NNN. Potential: 8% CAP +.
On the east corner of the intersection of Southmost Rd (FM 1419) and E 23rd St.
*The information contained herein was obtained from sources believed reliable, however, Coastal Realty makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The representation of this property is subject to errors, omissions, prior sale or lease or withdrawal without notice.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,200 SF
Year Built
2019
Price
$850,000
Price Per SF
$265.63
Percent Leased
33%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.46
Lot Size
0.16 AC
Zoning
Traditional Neighborhood
Parking
14 Spaces (4.38 Spaces per 1,000 SF Leased)
Frontage
52’ on Southmost Rd
AMENITIES
- Corner Lot
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $278,061 | |
| Land Assessment | $120,000 | Total Assessment | $398,061 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$120,000
Improvements Assessment
$278,061
Total Assessment
$398,061
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Southmost (2305) | 2305 Southmost Rd
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