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$202,000

NAL Estimated Property Value

10700 Fm 1421, BROWNSVILLE, TX, 78520

Off MarketInfo
Baths0 Bath
Baths13,750 Sq Ft
price_per_sqft$327.27 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size14.65 acres

Building Information

Year Built2000
Stories1

Land Information

APN73-5590-0130-0236-00
Lot Number23
SubdivisionBarreda Gardens Subdivision
Land UseResidential
Legal DescriptionBARREDA GARDENS SUBDIVISION PTS14.650 LOT 23 BLK 13, 14.6500 ACRES
Census Tract012506
Assessed Land Value$7,267
Assessed Improvement Value$10,923
Assessment Year2025

About this property

The Iconic Mel's Honky Tonk is for sale! This 13,000+ square foot, over 26-acre honky tonk dance hall is located in a prime area. This well-established venue is known for its lively atmosphere and packed dance floors! Key Features: Massive Space: Over 13,000 square feet of event space, perfect for dancing, live music, and hosting large events. Huge Lot: over 26 acres of land, offering plenty of room for expansion, parking, and outdoor events. Full Kitchen Equipment: Complete kitchen setup included—ready for catering or food service. All the furniture needed for your venue—tables and chairs will convey with the sale. One of the best dance venues in the area, with tons of opportunities to make it your own and grow the business. This is a rare chance to own a beloved dance hall with everything you need to get started, whether you're continuing the honky tonk tradition or bringing new ideas to life.

Investor Tools

Property Icon
$202,000
Estimated Property Value
$0Estimated Mortgage Balance
$202,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$27,000 /month
Positive
Cash Flow Estimate:
$9,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$107/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$274
$18,190
2025
$7,267
$10,923
$198,796
No

Tax History

Year
Tax Paid
Assessed Value
2025
$274
$18,190

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$202,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: BROWNSVILLE

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10700 Fm 1421 | Property Details | No Agent List