10425 Padre Island DrCorpus Christi, TX 78418

Property Details for 10425 Padre Island Dr

Year built

1998

Lot size

1.74 AC

Zone code

B-3

Property type

Commercial land

APN

3720-0000-0070

APU

372000000070

Description

This exceptional 45,170 sq ft pad site presents a unique ground lease opportunity in Corpus Christi, Texas. Located at the highly visible intersection of Waldron and South Padre Island Drive (SPID), this 1.04-acre lot boasts a prime location directly facing one of Corpus Christi's largest HEB grocery stores. The CG-1 zoning allows for a variety of uses, including restaurants, medical facilities, and retail establishments. This is a rare opportunity to secure a highly desirable location on SPID, a major thoroughfare with exceptional traffic counts: 31,815 vehicles daily (eastbound) and 62,506 vehicles daily (westbound) in 2022. The site offers convenient access via two driveways/streets leading into the HEB Plus store. The property is offered as a ground lease only, with all construction costs borne by the tenant. Tenant is responsible for all property taxes. The surrounding area demonstrates strong demographics, with an average household income within a two-mile radius exceeding $93,874 (ESRI data). This is one of the last remaining pad sites along SPID, making it an exceptionally attractive investment. The annual ground lease rate is $125,000. Don't miss this chance to establish your business in a thriving Corpus Christi location.

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $32,110,800

  Retail / Commercial

  $16,715,900

  Mixed-Use / Specialty

  $16,853,100

  Hospitality / Lodging

  $12,620,800

  Office

  $16,957,900

  Institutional / Educational

  $17,590,800

  Residential Income

  $20,581,200

  Multifamily

  $23,593,100

  Automotive / Energy

  $15,077,800

  Parking / Income-Based Land

  $5,008,760

  Restaurant / Food Service

  $9,185,370

  Healthcare / Senior Housing

  $17,080,800

Location Insight

City

Corpus Christi

County

Nueces

State

Texas

Latitude

27.667

Longitude

-97.2816

CBSA code

18580

CBSA name

CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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