1001 Louisiana AveCorpus Christi, TX 78404

Property Details for 1001 Louisiana Ave

Year built

1955

Lot size

0.44 AC

Property size (Sq ft)

21,067 SF

Property type

Office buildings

APN

4470-0001-0020

APU

447000010020

Description

This exceptional 21,000 square foot medical office building in Corpus Christi, Texas, presents a unique investment opportunity. Situated at 1001 Louisiana, 78404, in Nueces County, this multi-tenant property offers a blend of classic charm and modern functionality. Currently, 6,319 square feet of space is available, divisible into units ranging from a minimum of 1,050 square feet to a maximum contiguous space of 2,334 square feet. Five individual spaces are currently available for lease. The building's traditional design offers a retro feel, appealing to a variety of medical practices. Its convenient location near downtown Corpus Christi provides easy access for patients and staff. The property is ideal for medical professionals seeking established space in a thriving urban area. This is a chance to secure a well-located, versatile medical office space in a highly desirable Texas market. The building's size and layout offer flexibility for various medical specialties, ensuring a strong potential for long-term occupancy and return on investment. The address is easily accessible and benefits from excellent visibility. This is a rare opportunity to acquire a well-maintained medical office building in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,281,040

  6.5%

  $3,028,650

  7%

  $2,812,320

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,816,630

  Geo Method

  $4,787,900

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,862,250

  Retail / Commercial

  $3,025,800

  Mixed-Use / Specialty

  $3,030,510

  Hospitality / Lodging

  $2,243,570

  Institutional / Educational

  $3,156,050

  Residential Income

  $3,692,580

  Multifamily

  $4,342,750

  Automotive / Energy

  $2,705,190

  Parking / Income-Based Land

  $918,214

  Restaurant / Food Service

  $1,609,270

  Healthcare / Senior Housing

  $3,091,840

Location Insight

City

Corpus Christi

County

Nueces

State

Texas

Latitude

27.7634

Longitude

-97.4026

CBSA code

18580

CBSA name

CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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