501 Nueces Bay BlvdCorpus Christi, TX 78408

Property Details for 501 Nueces Bay Blvd

Year built

1987

Lot size

0.77 AC

Property size (Sq ft)

2,250 SF

Zone code

B-1

Property type

Office properties

Property subtype

Office buildings

APN

0460-0000-0010

APU

46000000010

Description

This exceptional 2,250-square-foot Class C office space, located at 501 Nueces Bay Blvd in Corpus Christi, Texas (78408), presents a fantastic investment opportunity. Currently vacant, this property is zoned for commercial use and sits on a generous 33,730-square-foot lot, offering ample potential for expansion or outdoor amenities. The asking price is $434,500, translating to a price per square foot of $166.67. The interior boasts a thoughtfully designed layout, including a welcoming lobby with a restroom, a dedicated receptionist area, and a private office complete with its own restroom. Four additional work offices provide ample space for a growing business, complemented by a convenient kitchen, computer station, and a dedicated storage room. The property also features the significant advantage of private parking located at the rear of the building, with direct access to the interior. This versatile space is suitable for a variety of uses, including creative office, executive office, or medical office settings, making it an attractive option for a wide range of businesses. Its convenient Corpus Christi location and ample parking make it a highly desirable property. The property is currently vacant, allowing for immediate occupancy and customization to suit the needs of the new owner.

• CAP approach

  CAP return

  Valuation

  6%

  $309,196

  6.5%

  $285,412

  7%

  $265,025

• Comparable approach

  Method

  Valuation

  Relative Method

  $194,020

  Geo Method

  $511,358

• Alternative Use

  Use

  Valuation

  Residential

  $353,910

  Hospitality

  $324,180

  Educational

  $269,714

  Medical

  $278,990

  Retail

  $419,555

Location Insight

City

Corpus Christi

County

Nueces

State

Texas

Latitude

27.7956

Longitude

-97.4282

CBSA code

18580

CBSA name

CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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