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Listed by COLDWELL BANKER IMPACT PROPERTIES
$ 1,750,000
Est. payment /mo
Active
508 Springmart Blvd. Brownsville, TX 78521
45,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 45,000 sqft
Price per Sqft $38
Subdivision The Professional Plaza
MLS Listing ID 29774916
Year Built 2006
Lot Size 0.760 Acres
Property Sub-Type Commercial
Property Description
Excellent net lease investment opportunity located at the corner of Expressway 77 and Springmart Blvd in one of the nations's most active real estate markets. The property benefits from exceptional exposure along one of the region's primary commercial corridors with traffic counts exceeding 100,000 vehicles per day providing strong visibility and convenient access. The property is leased to Vermillion Restaurant, a long standing Brownsville establishment serving the community for over 50 years. Current lease rate is $12,000 per month NNN, with lease terms available to qualified buyers. The investment is further supported by strong regional economic drivers including Space X Starbase near Boca Chica and the continuing growth and expansion at the Port of Brownsville including Next Decade LNG, Texas LNG and the just announced $300 Billion Dollar America First Refinery, the first refinery to be built in Texas in over 50 years.
Location
State TX
County Cameron
Area 45000
Interior
Heating Central
Flooring Tile
Appliance Electric Water Heater
Exterior
Exterior Feature Lighting
Parking Features Asphalt, Paved
Utilities Available Natural Gas Connected, Water Connected, Sewer Connected
Roof Type Flat
Garage Yes
Building
Lot Description Free Standing, Landscaped
Story One
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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