1601 Alton Gloor BlvdBrownsville, TX 78526

Property Details for 1601 Alton Gloor Blvd

Year built

2001

Lot size

4.86 AC

Property size (Sq ft)

2,801 SF

Zone code

C

Property type

Commercial real estate

APN

79-2210-0110-0300-02

APU

7922100110030002

Description

Tejon Plaza, a 30,140 square foot shopping center in Brownsville, Texas, presents a compelling investment opportunity. This multi-tenant property boasts 95.63% occupancy across its 14 units, housed within five single-story buildings on a 4.85-acre lot. Built in 2001 and zoned CC - Corridor Commercial, the center enjoys a prime location on Alton Gloor Boulevard, a major Brownsville thoroughfare, ensuring high visibility and significant traffic exposure. Its strategic position near major retail, restaurants, residential areas, and key healthcare facilities, including hospitals and medical offices, contributes to strong tenant demand and consistent income. Convenient access to I-69 further enhances its appeal. The property's strong income demographics within a one-mile radius underscore its long-term investment potential. This well-established center offers a rare chance to acquire a thriving retail asset in a growing Brownsville market. The gross lease structure simplifies management, and the 7.42% cap rate makes this an attractive addition to any portfolio. The property address is 1601 E Alton Gloor Blvd, Brownsville, TX 78526.

• Alternative Use

  Use

  Valuation

  Residential

  $585,240

  Hospitality

  $536,076

  Educational

  $446,009

  Medical

  $461,348

  Retail

  $693,792

Location Insight

City

Brownsville

County

Cameron

State

Texas

Latitude

25.9825

Longitude

-97.4862

CBSA code

15180

CBSA name

BROWNSVILLE-HARLINGEN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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