4201 Padre Island DrCorpus Christi, TX 78411

Property Details for 4201 Padre Island Dr

Year built

1995

Lot size

2.66 AC

Property size (Sq ft)

6,717 SF

Property type

Turn key restaurants

APN

5947-0000-0080

APU

594700000080

Description

This exceptional 7,249 square foot restaurant property is situated on a 1.3-acre lot at 4201 S Padre Island Dr, Corpus Christi, Texas, 78411. Located in Nueces County, this commercially zoned property boasts prime visibility and accessibility from the heavily trafficked SPID Freeway, placing it within Corpus Christi's premier retail corridor. The site benefits from its strategic location just north of La Palmera Mall, ensuring high foot traffic and exposure to a dense, thriving trade area known for strong restaurant sales. The substantial lot size offers ample space for outdoor seating or potential expansion. This turnkey restaurant opportunity presents a unique chance to establish or relocate a successful culinary venture in a high-demand location. The property's size and location make it ideal for a variety of restaurant concepts, capitalizing on the area's robust consumer base and convenient access for customers. This is a rare opportunity to secure a well-positioned restaurant property in a bustling retail environment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,045,140

  6.5%

  $964,746

  7%

  $895,835

• Comparable approach

  Method

  Valuation

  Relative Method

  $602,384

  Geo Method

  $1,587,640

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,869,120

  Mixed-Use / Specialty

  $966,248

  Hospitality / Lodging

  $715,340

  Office

  $965,655

  Institutional / Educational

  $1,006,280

  Residential Income

  $1,177,340

  Multifamily

  $1,384,640

  Automotive / Energy

  $862,521

  Parking / Income-Based Land

  $292,763

  Restaurant / Food Service

  $513,100

  Healthcare / Senior Housing

  $985,802

Location Insight

City

Corpus Christi

County

Nueces

State

Texas

Latitude

27.7189

Longitude

-97.3951

CBSA code

18580

CBSA name

CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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