2037 Padre Island DrCorpus Christi, TX 78416

Property Details for 2037 Padre Island Dr

Year built

2004

Lot size

2.08 AC

Property size (Sq ft)

4,815 SF

Zone code

R-1B

Property type

Turn key restaurants

APN

8340-0003-0120

APU

834000030120

Description

This exceptional 1-acre retail property, located at 2037 S Padre Island Dr in Corpus Christi, Texas (zip code 78416), presents a lucrative investment opportunity. Zoned CG-2, this prime location boasts an impressive daily traffic count of approximately 150,000 vehicles, ensuring high visibility and accessibility for any business. The asking price is $522,720, translating to a land value of $12 per square foot. The property is situated on the highly trafficked South Padre Island Drive/Crosstown Expressway, offering unparalleled exposure to a large consumer base. This versatile property is available for sale as is, allowing for immediate development or redevelopment according to the buyer's vision. Alternatively, the owner is open to build-to-suit options, providing a flexible and customized approach to development. This makes it ideal for entrepreneurs seeking a turnkey solution or established businesses looking to expand their footprint in a thriving market. Nueces County's robust economy and growing population make this a compelling investment in a high-demand retail area. Don't miss this chance to acquire a prime piece of Corpus Christi real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $972,668

  6.5%

  $897,848

  7%

  $833,716

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,046,313

  Geo Method

  $2,757,649

• Alternative Use

  Use

  Valuation

  Residential

  $757,368

  Hospitality

  $693,745

  Educational

  $577,188

  Medical

  $597,038

  Retail

  $897,848

Location Insight

City

Corpus Christi

County

Nueces

State

Texas

Latitude

27.737

Longitude

-97.4338

CBSA code

18580

CBSA name

CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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