423 Cleveland BlvdAransas Pass, TX 78336

Property Details for 423 Cleveland Blvd

Lot size

0.28 AC

Property type

Commercial real estate

APN

0011-0413-0017-000

APU

1104130017000

Description

This 10,382-square-foot, single-story office building in Aransas Pass, Texas, is currently vacant and ready for immediate occupancy. Built in 1971, the property (APN 0011-0414-0029-004) boasts ample parking and numerous private offices, making it easily divisible for multi-tenant leasing. Recent renovations (Spring 2024) include fresh interior paint, new interior doors and casings, and updated attic access doors. Its prime location on West Cleveland Boulevard offers high visibility and easy accessibility, situated near the police station, fire department, civic center, public library, and Newbury Park. The building benefits from its strategic position along a major thoroughfare, providing excellent signage opportunities. Just minutes from downtown Aransas Pass and Interstate 35, and only 29 miles from Corpus Christi International Airport, this property is ideally positioned to serve a variety of businesses. Aransas Pass's growing economy, driven by shipping, manufacturing, and tourism, presents a strong investment opportunity. The property's flexible layout and convenient location make it an excellent choice for a single tenant or multiple occupants.

• CAP approach

  CAP return

  Valuation

  6%

  $1,805,700

  6.5%

  $1,666,800

  7%

  $1,547,740

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,116,360

  Geo Method

  $2,781,780

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,409,150

  Retail / Commercial

  $1,723,210

  Mixed-Use / Specialty

  $1,697,380

  Hospitality / Lodging

  $1,219,690

  Office

  $1,666,800

  Institutional / Educational

  $1,757,560

  Residential Income

  $2,056,350

  Multifamily

  $2,575,400

  Automotive / Energy

  $1,506,480

  Parking / Income-Based Land

  $539,316

  Restaurant / Food Service

  $840,812

  Healthcare / Senior Housing

  $1,760,820

Location Insight

City

Aransas Pass

County

San Patricio

State

Texas

Latitude

27.9103

Longitude

-97.1454

CBSA code

18580

CBSA name

CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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