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Listed by RE/MAX Elite Brownsville
$ 749,000
Est. payment /mo
Active
5550 Padre Island Hwy. Brownsville, TX 78521
3,434 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Other Multi Unit
Listing Status Active
Purchase Type For Sale
Square Footage 3,434 sqft
Price per Sqft $218
Subdivision El Jardin
MLS Listing ID 29768607
Lot Size 2.110 Acres
Property Sub-Type Other Multi Unit
Property Description
This commercial property features a main building with 3,434 sq. ft., currently equipped for restaurant use with a fully operational industrial kitchen and all necessary equipment. Behind the main structure, there is an additional 400 sq. ft. building that can serve as an office or storage space. The property is currently leased to a successful, well-established restaurant generating $4,500 in monthly rental income. The current lease runs through May 2027, providing a stable income stream for investors. This is an excellent investment opportunity, allowing you to acquire a performing asset with immediate cash flow and potential for future rent increases or business use upon lease expiration.
Location
State TX
County Cameron
Area 3434
Interior
Heating Central
Flooring Tile
Appliance Electric Water Heater
Exterior
Parking Features Other
Porch Patio
Garage Yes
Building
Lot Description None
Story One
Foundation Slab
Sewer Public Sewer
Water Public
Schools
Elementary Schools Riviera
Middle Schools Vela
High Schools Rivera
Others
Acceptable Financing Cash, Other
Listing Terms Cash, Other
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