301 Morrison RdBrownsville, TX 78526

  • Other commercial real estate
  • 130,269 SF
For Lease

Property Details for 301 Morrison Rd

Year built
2005
Lot size
8.38 AC
Property size (Sq ft)
130,269 SF
Property type
Other commercial real estate
APN
05-0041-0010-0020-00
APU
500410010002000

Description

This exceptional retail opportunity presents a 18,100 square foot in-line space available for lease within the thriving Las Tiendas Plaza shopping center in Brownsville, Texas. Strategically located at the intersection of US Expressway 77 & 83 and Morrison Road, this property benefits from high visibility and significant traffic volume. The site is situated between established national retailers Michael's and Ulta, ensuring strong co-tenancy and customer draw. The plaza is anchored by a Target store, further enhancing its appeal and attracting a substantial customer base. This 0.98-acre pad site offers excellent potential for a variety of retail uses. Lease rates are available upon request. The property's triple net (NNN) lease structure includes a base rent, plus common area maintenance (CAM) charges of $2.72 per square foot, insurance costs of $2.28 per square foot, and property taxes of $5.04 per square foot. This prime location, combined with its proximity to major roadways and established retailers, makes this an exceptional investment opportunity for businesses seeking high visibility and strong foot traffic in a rapidly growing market. The single suite building offers a contiguous space of 18,100 square feet, providing ample room for a variety of retail concepts. Contact us today to learn more about this outstanding retail opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $24,936,950
    Hospitality
    $22,842,112
    Educational
    $19,004,368
    Medical
    $19,657,958
    Retail
    $29,562,352
301 Morrison Rd, Brownsville, Texas

Location Insight

City
Brownsville
County
Cameron
State
Texas
Latitude
25.9684
Longitude
-97.5099
CBSA code
15180
CBSA name
BROWNSVILLE-HARLINGEN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$181,250
$2,296,304
$5,603,696
$7,900,000
-
$2,296,304
$5,603,696
$7,900,000

FAQs

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