7470 Padre Island HwyBrownsville, TX 78521

Property Details for 7470 Padre Island Hwy

Year built

2005

Lot size

1.24 AC

Property size (Sq ft)

10,224 SF

Property type

Commercial real estate

APN

74-7578-0010-0020-00

APU

7475780010002000

Description

Plaza Viejo, located at 7470 Padre Island Highway in Brownsville, Texas, presents a compelling retail investment opportunity. This shopping center, built in 2005 and situated in Cameron County, offers four available spaces ranging from 1,400 to 2,030 square feet. Each space is independently suitable for a variety of retail uses, providing flexibility for potential tenants. The minimum divisible space is 2,030 square feet, while the maximum contiguous space available is also 2,030 square feet. The property's address is 7470 Padre Island Hwy, Brownsville, TX 78521. Specific space sizes include one 1,509 square foot unit, two 1,400 square foot units, and one 2,030 square foot unit. This well-located shopping center provides excellent visibility and accessibility, making it an ideal location for businesses seeking to establish a presence in the thriving Brownsville market. The property is classified as a multi-tenant retail shopping center. This presents a unique chance to acquire space in a well-established center with a proven track record. Interested parties should inquire for further details and availability.

• CAP approach

  CAP return

  Valuation

  6%

  $2,295,620

  6.5%

  $2,119,030

  7%

  $1,967,670

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,225,500

  Geo Method

  $2,323,610

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,030,170

  Retail / Commercial

  $2,094,390

  Mixed-Use / Specialty

  $2,108,790

  Hospitality / Lodging

  $1,575,620

  Office

  $2,119,030

  Institutional / Educational

  $2,200,100

  Residential Income

  $2,574,120

  Multifamily

  $2,966,060

  Automotive / Energy

  $1,885,800

  Parking / Income-Based Land

  $629,168

  Restaurant / Food Service

  $1,143,460

  Healthcare / Senior Housing

  $2,140,100

Location Insight

City

Brownsville

County

Cameron

State

Texas

Latitude

25.9442

Longitude

-97.4258

CBSA code

15180

CBSA name

BROWNSVILLE-HARLINGEN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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