Expressway Redevelopment Opportunity

234 North Expressway Brownsville, TX 78521

234 North Expressway, Brownsville, TX, 78521
234 North Expressway, Brownsville, TX, 78521
FOR SALE
Property Type:
Strip Center
Amount:
$1,600,000
Last Verified:
May 30, 2019

Highlights

  • Exceptional Expressway Visibility
  • Expressway Redevelopment Opportunity
  • New Construction/Development in Proximity

Description

Exceptional Visibility at with this 36,696 sf Redevelopment Opportunity. Located adjacent to the New Venture X Virtual Offices, this Expressway Redevelopment opportunity offers the advantage of City-owned Parking and Pedestrian/Bike Trail located adjacent to the Building and open to the public. Currently one (1) Dock-High Platform and Solid build at this former Furniture Store Complex. Part of the opportunity is currently being leased to Famsa Furniture Store. Shared dock access with Adjacent Building.

Exceptional Visibility at with this 36,696 sf Redevelopment Opportunity. Located adjacent to the New Venture X Virtual Offices, this Expressway Redevelopment opportunity offers the advantage of City-owned Parking and Pedestrian/Bike Trail located adjacent to the Building and open to the public. Currently one (1) Dock-High Platform and Solid build at this former Furniture Store Complex. Part of the opportunity is currently being leased to Famsa Furniture Store. Shared dock access with Adjacent Building.


Year Built: 1967
Building Size: 36696.0sq ft
Lot Size: 1.19 acres

Map of 234 North Expressway, Brownsville, TX, 78521

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.