For Sale
$4,200,000

4861 Saratoga BlvdCorpus Christi, TX 78413

Corpus Christi Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional Corpus Christi, Texas investment opportunity encompasses a thriving 19,700 square foot shopping center with a 94% occupancy rate, strategically located at 4861 Saratoga Blvd, 78413. The property features nine cash-flowing retail spaces, offering a diverse tenant mix and serving the growing south side community. Ample parking accommodates up to 77 vehicles, ensuring convenient access for shoppers and patrons. The center's strong performance history and high occupancy project consistent returns. Included in the sale is a freestanding restaurant exceeding 2,200 square feet, boasting high traffic and a convenient drive-through. This established eatery adds significant value to the overall investment. Further enhancing the property's potential is a half-acre unimproved lot situated behind the restaurant, presenting a prime opportunity for future development, such as self-storage, additional retail space, or office buildings. The property is offered at $4,200,000, representing a compelling $213.20 per square foot price and a 5.00% capitalization rate. This multi-tenant retail property presents a rare opportunity to acquire a well-established, high-performing asset with significant upside potential in a desirable location. The property's corner location and high traffic count contribute to its strong performance and future growth prospects. This is a turnkey investment ready to generate immediate income and long-term appreciation.

Highlights

  • 19,700 SF shopping center in Corpus Christi, TX with 94% occupancy.
  • Nine retail spaces and a freestanding restaurant exceeding 2,200 SF with a drive-thru.
  • Ample parking (77 spaces) and a half-acre unimproved lot for future development.
  • Offered at $4,200,000 ($213.20/SF, 5.00% cap rate).
  • High-traffic corner location on Saratoga Blvd, 78413.

Property Details for 4861 Saratoga Blvd

Property type
Lifestyle centers, Power centers
Square Feet
19,700 SF

Location Insight

City
Corpus Christi
County
Nueces
State
Texas
Latitude
27.692119583222
Longitude
-97.397399222845
4861 Saratoga Blvd, Corpus Christi, Texas

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4861 Saratoga Blvd
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