5301 Everhart RdCorpus Christi, TX 78411

Property Details for 5301 Everhart Rd

Year built

1977

Lot size

2.43 AC

Property size (Sq ft)

38,544 SF

Property type

Retail properties

Property subtype

Strip malls

APN

4370-0004-0260

APU

437000040260

Description

Sun Plaza offers exceptional retail opportunities in Corpus Christi, Texas, situated at the highly visible hard corner of Everhart Road and Corona Drive. This prime location boasts impressive daily traffic counts exceeding 35,000 vehicles at the lighted intersection, and over 137,000 vehicles daily on the adjacent S Padre Island Drive, a major artery for the city. The center is anchored by a Sherwin Williams, providing strong existing tenancy and a stable environment for new businesses. Multiple spaces are available, ranging in size from 1,800 square feet to 6,000 square feet, offering flexibility for various retail concepts or restaurants. The property's prominent location and high visibility make it an ideal choice for businesses seeking to establish a strong presence in a thriving Corpus Christi market. A significant redevelopment project is underway at the center, further enhancing its appeal and future prospects. This presents a unique opportunity for businesses to capitalize on the increased foot traffic and visibility that this revitalization will bring. The property's multiple tenancy structure provides a diverse and vibrant atmosphere, attracting a wide range of customers. This is a rare chance to secure a space in a well-established and rapidly developing retail center in a key location within Corpus Christi.

• CAP approach

  CAP return

  Valuation

  6%

  $10,782,924

  6.5%

  $9,953,468

  7%

  $9,242,506

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,234,160

  Geo Method

  $22,074,936

• Alternative Use

  Use

  Valuation

  Residential

  $8,396,123

  Hospitality

  $7,690,804

  Educational

  $6,398,658

  Medical

  $6,618,718

  Retail

  $9,953,468

Location Insight

City

Corpus Christi

County

Nueces

State

Texas

Latitude

27.712

Longitude

-97.387

CBSA code

18580

CBSA name

CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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