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 +.
Huge Value-Add Potential! - This 3,200 SF shopping center, located on a high-traffic Brownsville corridor offers immediate income, defined upside, and a price that is hard to ignore. The 3-unit building has an existing tenant in place from day one, with two vacant shell units ready for finish-out—giving a value-add investor a clear, defined path to an 8%+ cap rate on total invested capital. Brownsville's continued growth—driven by cross-border trade, SpaceX activity at nearby Boca Chica, and steady RGV population growth—makes this a strong long-term hold. Whether you're an investor looking to stabilize and cash flow, or an owner-user looking to occupy one unit while leasing the others, the upside here is undeniable and the price is even more compelling.
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.