510 Gordon StCorpus Christi, TX 78404

Property Details for 510 Gordon St

Year built

1958

Lot size

1.18 AC

Property size (Sq ft)

7,609 SF

Property type

Retail space

APN

4475-0004-0260

APU

447500040260

Description

This exceptional 3,588 square foot office space is situated within the thriving Morningside Shopping Center in Corpus Christi, Texas. Located at 510 Gordon St, zip code 78404, this property offers a fantastic opportunity for a variety of professional businesses. The building, totaling 16,060 square feet, is currently occupied by a radio station and is already built out as office space, minimizing upfront renovation costs. The space is ideal for a range of uses, including architectural, real estate, accounting, or medical offices. The Morningside Shopping Center boasts a strong tenant mix, anchored by well-known businesses such as Freedom Fitness, Dollar Tree, CVS, WB Liquor, and Jimmy John's, ensuring high visibility and foot traffic. This prime location in Nueces County provides excellent access to major roadways and a diverse customer base. The property features one building and is categorized as a multi-tenant space. Interested parties are encouraged to schedule a showing to fully appreciate the potential of this exceptional office space. This is a rare opportunity to secure a well-located, ready-to-occupy office space in a bustling shopping center. The property's existing office build-out makes it an attractive option for businesses seeking immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,183,930

  6.5%

  $1,092,860

  7%

  $1,014,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $682,379

  Geo Method

  $1,798,470

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,117,330

  Mixed-Use / Specialty

  $1,094,560

  Hospitality / Lodging

  $810,335

  Office

  $1,093,890

  Institutional / Educational

  $1,139,910

  Residential Income

  $1,333,690

  Multifamily

  $1,568,520

  Automotive / Energy

  $977,062

  Parking / Income-Based Land

  $331,641

  Restaurant / Food Service

  $581,238

  Healthcare / Senior Housing

  $1,116,710

Location Insight

City

Corpus Christi

County

Nueces

State

Texas

Latitude

27.7552

Longitude

-97.3897

CBSA code

18580

CBSA name

CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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