328 Jefferson StBrownsville, TX 78523

Property Details for 328 Jefferson St

Year built

1975

Lot size

0.14 AC

Property size (Sq ft)

3,064 SF

Zone code

C

Property type

Commercial real estate

APN

01-0000-1000-0040-00

APU

100001000004000

Description

This exceptional executive office building at 328 Jefferson St., Brownsville, TX 78523, presents a compelling investment opportunity. Built in 1975, this property is ideally situated in the heart of downtown Brownsville, offering convenient access to the courthouse (within 5 minutes) and a variety of restaurants. The asking price is $225,000. The building comprises three separate suites, each providing ample space for creative redesign and customization. This versatility makes it perfect for a range of uses, including individual offices or a multi-tenant setup geared towards generating rental income. The existing structure offers a blank canvas for renovation enthusiasts seeking to capitalize on the property's prime downtown location and high potential for return on investment. The property's location in Cameron County, Texas, provides easy access to local amenities and a thriving business community. This is a rare chance to acquire a well-positioned building with significant upside potential. The latitude and longitude coordinates are 26°N and -97.57°W respectively.

• CAP approach

  CAP return

  Valuation

  6%

  $633,895

  6.5%

  $585,134

  7%

  $543,339

• Comparable approach

  Method

  Valuation

  Relative Method

  $341,463

  Geo Method

  $696,355

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,117,670

  Retail / Commercial

  $579,854

  Mixed-Use / Specialty

  $583,082

  Hospitality / Lodging

  $434,684

  Office

  $585,134

  Institutional / Educational

  $608,063

  Residential Income

  $711,434

  Multifamily

  $823,896

  Automotive / Energy

  $521,197

  Parking / Income-Based Land

  $174,627

  Restaurant / Food Service

  $314,568

  Healthcare / Senior Housing

  $592,509

Location Insight

City

Brownsville

County

Cameron

State

Texas

Latitude

25.9085

Longitude

-97.5024

CBSA code

15180

CBSA name

BROWNSVILLE-HARLINGEN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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