5506 Saratoga BlvdCorpus Christi, TX 78413

Property Details for 5506 Saratoga Blvd

Year built

1974

Lot size

0.28 AC

Property size (Sq ft)

2,374 SF

Zone code

B-4

Property type

Turn key restaurants

APN

1843-0300-0076

APU

184303000076

Description

This 2,374 sq ft single-tenant retail building, situated on an 11,979 sq ft lot at the busy Saratoga & Staples intersection in Corpus Christi, Texas, presents a unique investment opportunity. Built in 1974, the one-story structure is zoned CG-2 and boasts excellent visibility due to its location within a thriving commercial area surrounded by restaurants, shopping, medical facilities, and residential neighborhoods. The property features a fully equipped kitchen, including two walk-in freezers and two 500-gallon underground grease pits, making it ideal for a food-service business. Two restrooms and an outdoor patio add to its appeal. A recently resurfaced roof (2021 warranty) ensures low maintenance costs. Previous uses include a restaurant and bar & grill, demonstrating its versatility. Potential uses are diverse, including daycare, bakery, medical facility, cooking classes, or a franchise location. The property is available for both lease and sale. This prime location offers immediate visibility with existing street signage and high traffic counts, making it an exceptional investment in a rapidly growing area of Nueces County, zip code 78413.

• CAP approach

  CAP return

  Valuation

  6%

  $748,490

  6.5%

  $690,914

  7%

  $641,562

• Comparable approach

  Method

  Valuation

  Relative Method

  $769,186

  Geo Method

  $1,359,638

• Alternative Use

  Use

  Valuation

  Residential

  $582,811

  Hospitality

  $533,852

  Educational

  $444,159

  Medical

  $459,434

  Retail

  $690,914

Location Insight

City

Corpus Christi

County

Nueces

State

Texas

Latitude

27.6865

Longitude

-97.3851

CBSA code

18580

CBSA name

CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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