Downtown Corpus Christi Commercial
102 N Mesquite St Corpus Christi, TX
For Sale
Contact for pricing
Freestanding 7,847 SF building in revitalizing downtown area.
Property Size7,847 SF
Lot Size0.17 Acres
Price / SF$140.18
Days on Market249
Property Features for 102 N Mesquite St
General Information
- Standard status
- Active
- Size
- 7,847 SF
- Lot size
- 0.17 Acres
- Property subtype
- RETAIL
Listing Agency:
Cravey Real Estate Services, Inc.
(361) 877-2463
Listed By:
Matthew Cravey · License #0409080
(361) 877-2463
Source:
Moodyscre
Added: Nov 17, 2025
Changed: Jul 6
Last Checked: Jul 23 at 5:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cravey Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
Located at 102 N. Mesquite Street in the heart of downtown Corpus Christi, this freestanding commercial building offers 7,847 square feet of space. Originally constructed in 1948, the structure was most recently used as a movie, radio, and TV studio, housing a communications-focused media and advertising technology company. The current layout is suited to that use, but future owners may consider modifications to accommodate a broader range of business types. The property is located in the Central Business District and zoned CI (Intensive Commercial), only two blocks from Water Street and the bayfront. It stands to benefit from the city’s “Water Street Reimagined” project, which aims to transform the corridor into a vibrant, pedestrian-friendly destination with upgraded infrastructure, landscaping, and active street frontage, enhancing both visibility and long-term value. The property features a lobby, private offices, workstations, conference rooms, a break room, restrooms, a basement, a freight elevator (not in use), a broadcast room, and IT/server rooms. The location is walkable to restaurants, entertainment, and the bayfront.
Key Highlights
- Rare freestanding commercial building in downtown Corpus Christi.
- Located in the Central Business District (CBD) and zoned CI (Intensive Commercial).
- Near the "Water Street Reimagined" revitalization project, enhancing visibility and value.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $141.2k | $18.00 |
| − Vacancy | −$5.6k | −$0.72 |
| EGI | $135.6k | $17.28 |
| − OpEx | −$40.7k | −$5.18 |
| NOI | $94.9k | $12.10 |
7,847 SF · lease $18.00/SF/yr · vacancy 4.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.61M
$1.41M – $1.87M
NOI $112,427 @ 7.0% cap · market cap 10.22%
Second Best
Retail
$1.36M
$1.19M – $1.58M
NOI $94,917 @ 7.0% cap · market cap 8.63%
Theoretical Best
Office A
$1.87M
$1.63M – $2.18M
NOI $130,700 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Entravision Communications
Television Studio
Univision Network
Television Studio
Safety 4 Uss
Building Supply
KORO
Television Studio
Similar Off Market Nearby
- Flowers N Things — 220 E San Patricio Ave, Mathis, TX 78368
- Trevino's Flower Shop — 602 TX-359, Mathis, TX 78368
FAQs
What type of property is this?
Storefront property - Freestanding 7,847 SF building in revitalizing downtown area.
Where is this storefront property located?
The property is located at 102 N Mesquite St Corpus Christi, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Rare freestanding commercial building in downtown Corpus Christi.; Located in the Central Business District (CBD) and zoned CI (Intensive Commercial).; Near the "Water Street Reimagined" revitalization project, enhancing visibility and value.
