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Corner Retail Building in CBD
For Sale
$2,400,000

523 N Water St, Corpus Christi, TX 78401

A prominently positioned downtown corner with strong street visibility and on-site parking in the Central Business District.

Property Size1,920 SF
Days on Market83

Property Features for 523 N Water St

General Information

Standard status Active
Size 1,920 SF
Total Parking Spaces 20
Property subtype Retail
Zoning Central Business District (CBD)

Additional Details

Opportunity Zone Yes
Traffic Count 16,631 vehicles/day

Building Details

Building Size 1,920 SF
Year Built 1974
Listing Agency: Cravey Real Estate Services, Inc.
Listed By: Lynann Pinkham · License #TX #319336
Source: Craveyrealestate
Added: Jun 2 Changed: Aug 19 Last Checked: Aug 22 at 3:51AM

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.

This downtown corner storefront property offers strong visibility with 56 feet of frontage on Peoples Street and 63 feet on Water Street. The site includes approximately 20 on-site surface parking spaces, supporting convenient access for customers and staff. The building sits within a Central Business District (CBD) zoning designation and is located in an Opportunity Zone.

The property is positioned at the intersection of N Water St and Peoples St in Corpus Christi’s Central Business District. It is one block from Shoreline Blvd and benefits from nearby parking and major activity, including adjacency to the 10-story 501 N Williams St parking garage and being directly across from the 12-story PlainsCapital Bank Tower. The area is described as highly walkable and surrounded by offices, hotels, and retail. TxDOT data referenced in the materials indicates approximately 16,631 vehicles per day on Shoreline Blvd, supported by a signalized intersection at the location.

This is a strong fit for retailers or service users seeking a high-visibility downtown presence with convenient parking and an active, walkable trade area. Its corner orientation and positioning among office and hospitality uses can support a variety of street-level concepts that benefit from consistent foot traffic and prominent signage exposure.

Key Highlights

  • 1974 year built downtown corner property at N Water St and Peoples St
  • 56' frontage on Peoples Street and 63' frontage on Water Street
  • Located in the Central Business District (CBD) and within an Opportunity Zone

Property Analytics

Current Use

Thai Spice Restaurant

Suggested Use

Top Pick Dental Office Auto Parts Store Hair Salon Building Supply Nail Salon Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16,631 VPD
Traffic count

Location Intelligence

Trade Area within ½ mile

1,318
Businesses Nearby
Under-served
Demand for This Use

Demographics for 78401, TX

4,701
Population
2,115
Households
2.2
Avg Household Size
44
Median Age
15%
College-Educated
78%
High-School Grad
2.2 sq mi
ZIP Area
2,137
Density / Sq Mi
$37,796
Median Household Income
$22,254
Median Earnings
$930
Median Rent
$76,100
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Similar Off Market Nearby

  • Erkos Florist & Same Day Flower Delivery 617 N Chaparral St, Corpus Christi, TX 78401, United States

Frequently Asked Questions

What type of property is this?
Storefront property - A prominently positioned downtown corner with strong street visibility and on-site parking in the Central Business District.
Where is this storefront property located?
The property is located at 523 N Water St Corpus Christi, TX.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 1974 year built downtown corner property at N Water St and Peoples St; 56' frontage on Peoples Street and 63' frontage on Water Street; Located in the Central Business District (CBD) and within an Opportunity Zone
More about this property
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