602 Nas DrCorpus Christi, TX 78418

Property Details for 602 Nas Dr

Year built

1994

Lot size

0.10 AC

Property size (Sq ft)

1,938 SF

Zone code

B-3 & SP

Property type

Turn key restaurants

APN

2487-0003-0100

APU

248700030100

Description

This vacant, 1,938-square-foot commercial property at 602 NAS Drive, Corpus Christi, Texas, presents a compelling investment opportunity. Built in 1994 and renovated in 2001, this single-story building sits on a 0.1-acre lot and boasts high visibility with 84 feet of frontage on NAS Drive and 141 feet on Scotland Drive. Its strategic location offers easy access to the Corpus Christi Naval Air Station and is surrounded by a mix of residential and commercial areas, ensuring high traffic flow. Previously used as a restaurant, the property's flexible CG-1 zoning allows for diverse commercial uses, including medical office, restaurant, or retail. The building features ample paved parking and is priced at $150,000, with a price per square foot of $77.40. The property's adaptability, prime location, and attractive price point make it an ideal investment for entrepreneurs and businesses seeking a strong presence in Corpus Christi's thriving market. The property's APN is 2487-0003-0100. The building is classified as Class C.

• CAP approach

  CAP return

  Valuation

  6%

  $611,025

  6.5%

  $564,023

  7%

  $523,736

• Comparable approach

  Method

  Valuation

  Relative Method

  $627,920

  Geo Method

  $1,109,932

• Alternative Use

  Use

  Valuation

  Residential

  $475,774

  Hospitality

  $435,807

  Educational

  $362,586

  Medical

  $375,056

  Retail

  $564,023

Location Insight

City

Corpus Christi

County

Nueces

State

Texas

Latitude

27.674

Longitude

-97.2794

CBSA code

18580

CBSA name

CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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