For Sale
$3,275,000

1949 Padre Island DrCorpus Christi, TX 78416

Prime Restaurant Building, Excess Land, High Traffic

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 6,670-square-foot restaurant building situated on a 2.089-acre lot in Corpus Christi, Texas. Built in 2004, the single-story structure currently houses a restaurant and offers significant potential for various uses. The property boasts a strategic location on South Padre Island Drive (SPID), enjoying high visibility and convenient access. Approximately 1.38 acres are occupied by the existing restaurant building, leaving an additional approximately 30,927 square feet of land available for development. This excess land, fronting SPID, presents a unique opportunity for ground lease or pad site sale, offering substantial additional income potential. The property benefits from excellent cross-access with Walmart and neighboring businesses, ensuring high traffic flow and customer visibility. The asking price is $3,275,000, translating to $491 per square foot. The current tenant lease details are available upon request. This property offers the flexibility for continuation of the existing lease or owner-occupancy, making it an attractive option for both investors and owner-operators seeking a prime location in a thriving commercial area. The property's location in Nueces County, Texas, with a zip code of 78416, provides easy access to major transportation routes and a strong local market.

Highlights

  • $3,275,000 asking price for a 6,670 SF restaurant building.
  • Located at 1949 S Padre Island Dr, Corpus Christi, TX 78416.
  • Single-tenant retail property, built in 2004, on a 2.089-acre lot.
  • Price per square foot is $491.
  • Features cross-access with Walmart and other nearby businesses.

Property Details for 1949 Padre Island Dr

Property type
Retail properties, Restaurants
Square Feet
6,670 SF
Year Built
2004
Stories
1
Lot Size (sq. ft)
90,997 SF

Location Insight

City
Corpus Christi
County
Nueces
State
Texas
Latitude
27.7382233
Longitude
-97.4359865
1949 Padre Island Dr, Corpus Christi, Texas

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1949 Padre Island Dr
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