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6672 Padre Island Hwy
Brownsville, TX 78521
Portway Plaza Building 1 · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Highly trafficked retail corridor
- 100% occupied center with diverse lease structures
- Strong increase in population and income demographics surrounding the property
EXECUTIVE SUMMARY
Onassis Retail Center is a 14 unit retail property located in Brownsville, Texas with two points of ingress and egress along a highly trafficked corridor. Positioned on a key commercial artery in eastern Brownsville, the center offers excellent visibility and convenient access. Its strategic location near major regional destinations including the airport, logistics hubs, and tourist attractions makes it especially appealing to retail and office tenants targeting both local residents and transient traffic. Situated on South Padre Island Highway, the property benefits from a daily traffic count of approximately 20,040 vehicles.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
15,090 SF
Building Class
C
Year Built
2008
Price
$2,269,996 CAD
Price Per SF
$150.43 CAD
Cap Rate
7.40%
NOI
$167,980 CAD
Percent Leased
93%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.49
Lot Size
0.70 AC
Zoning
C - Commercial
Parking
22 Spaces (1.46 Spaces per 1,000 SF Leased)
Frontage
100’ on PADRE ISLAND HWY
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,153,535 CAD | |
| Land Assessment | $145,416 CAD | Total Assessment | $2,298,951 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$145,416 CAD
Improvements Assessment
$2,153,535 CAD
Total Assessment
$2,298,951 CAD
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