5875 Weber RdCorpus Christi, TX 78413

Property Details for 5875 Weber Rd

Year built

1981

Lot size

1.46 AC

Property size (Sq ft)

6,700 SF

Property type

Banks

APN

1284-0002-0040

APU

128400020040

Description

This exceptional 5,600 square foot creative office building, situated on a 1.46-acre lot in Corpus Christi, Texas, presents a unique investment opportunity. Located at 5875 Weber Rd, the property is zoned CG-2 - General Commercial 2, offering considerable flexibility for a variety of uses. The building's history as a former bank is reflected in its unique features, including an intact vault and safety deposit boxes, which could be retained or repurposed creatively. Included in the sale is existing furniture, adding immediate value and functionality. A drive-thru component, approximately 1,100 square feet, adds further versatility. The asking price is $2,000,000, translating to $357.14 per square foot. A survey is available for review. The property's individual ownership structure simplifies the transaction process. The property's address is 5875 Weber Rd, Corpus Christi, TX 78413, and its APN is 1284-0002-0040. While a lease option is available, this listing focuses on the sale of the property as a whole. This is an excellent opportunity to acquire a distinctive commercial property in a desirable location with significant potential for redevelopment or continued use as a creative office space. The property's unique features and substantial size make it an attractive investment for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $2,112,418

  6.5%

  $1,949,924

  7%

  $1,810,644

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,170,828

  Geo Method

  $3,837,227

• Alternative Use

  Use

  Valuation

  Residential

  $1,644,834

  Hospitality

  $1,506,659

  Educational

  $1,253,523

  Medical

  $1,296,633

  Retail

  $1,949,924

Location Insight

City

Corpus Christi

County

Nueces

State

Texas

Latitude

27.71

Longitude

-97.4075

CBSA code

18580

CBSA name

CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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