1428 Laredo StCorpus Christi, TX 78401

Property Details for 1428 Laredo St

Year built

1978

Lot size

0.34 AC

Property size (Sq ft)

4,320 SF

Zone code

I-3

Property type

Office properties

Property subtype

Office buildings

APN

8161-0030-0090

APU

816100300090

Description

This exceptional single-tenant office building, located at 1428 Laredo St in Corpus Christi, Texas, presents a compelling investment opportunity. Boasting 4,320 square feet of adaptable space, this 1978-constructed building sits on a 15,000 square foot lot and is zoned IL. The interior layout includes 11 private offices, catering to a variety of business needs. Amenities are comprehensive, featuring a welcoming lobby/reception area, a convenient breakroom, a dedicated conference room, and two bathrooms. For efficient operations, the property includes equipment and file storage areas. The building's strategic location provides immediate access to Laredo Street and the Crosstown Expressway, ensuring excellent visibility, further enhanced by a pylon sign. Practical features include ample off-street parking and an existing overhead door, ideal for easy loading and unloading. This property is perfectly suited for a single tenant and represents a strong value proposition in the Corpus Christi market. The asking price is $400,000. This is a turnkey opportunity for a business seeking a well-equipped and conveniently located office space in Nueces County, Texas, zip code 78401.

• CAP approach

  CAP return

  Valuation

  6%

  $562,328

  6.5%

  $519,072

  7%

  $481,995

• Comparable approach

  Method

  Valuation

  Relative Method

  $394,011

  Geo Method

  $981,806

• Alternative Use

  Use

  Valuation

  Residential

  $643,649

  Hospitality

  $589,579

  Educational

  $490,523

  Medical

  $507,393

  Retail

  $763,036

Location Insight

City

Corpus Christi

County

Nueces

State

Texas

Latitude

27.7885

Longitude

-97.4078

CBSA code

18580

CBSA name

CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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