Two-Story Bar with Rooftop
326 N Chaparral St, Corpus Christi, TX 78401
For Sale
Contact for pricing
Former bar and restaurant with a turnkey restaurant buildout and rooftop patio on a downtown hard-corner location.
Property Size13,483 SF
Price / SF$263.29
Days on Market276
Property Features for 326 N Chaparral St
General Information
Standard status
Size
Class
Property subtype
Zoning
Amenities
rooftop patio
Building Details
Buildings
Stories
Tenancy
Listing Agency:
DH Realty Partners
Listed By:
James Magill · License TX #675040
(361) 303-3334
Source:
Crexi
Added: Feb 12
Changed: Nov 10
Last Checked: Nov 12 at 6:59AM
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 DH Realty Partners
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Investment Insights
Based on property information with market context.
A beautifully remodeled, two-story former bar and restaurant totaling approximately 12,483 SF. The main bar area is approximately 7,360 SF and is complemented by a rooftop patio of approximately 2,500 SF. The restaurant component totals approximately 2,500 SF and is described as fully built out and turnkey.
The property sits on the hard corner of Chaparral Street and Lawrence Street, both recently improved as part of downtown revitalization efforts. It is directly across from the new Cosmopolitan Apartments and is adjacent to Water Street Oyster Bar and Executive Surf Club, supporting visibility in a growing downtown dining and entertainment area.
The offering also qualifies for the Downtown Management District’s Revitalization Incentive Program. A package option includes an adjacent value-add property at 322 N Chaparral St., operating as a storage facility, with the opportunity to be included alongside 326 N Chaparral St. Current income is approximately $25,000 per month at 326 N Chaparral St. (Retro tenant may remain in place, vacate, or the buyer may assume operations) and approximately $1,450 per month at 322 N Chaparral St. The listing also notes an option to include all FF&E and the business.
The property sits on the hard corner of Chaparral Street and Lawrence Street, both recently improved as part of downtown revitalization efforts. It is directly across from the new Cosmopolitan Apartments and is adjacent to Water Street Oyster Bar and Executive Surf Club, supporting visibility in a growing downtown dining and entertainment area.
The offering also qualifies for the Downtown Management District’s Revitalization Incentive Program. A package option includes an adjacent value-add property at 322 N Chaparral St., operating as a storage facility, with the opportunity to be included alongside 326 N Chaparral St. Current income is approximately $25,000 per month at 326 N Chaparral St. (Retro tenant may remain in place, vacate, or the buyer may assume operations) and approximately $1,450 per month at 322 N Chaparral St. The listing also notes an option to include all FF&E and the business.
Key Highlights
- 12,483 SF former bar and restaurant on the hard corner of Chaparral St. and Lawrence St. in downtown Corpus Christi
- Main bar area approx. 7,360 SF plus 2,500 SF rooftop patio with views of the city skyline, Water St., and Ocean Dr.
- Restaurant component approx. 2,500 SF is fully built out and described as turnkey
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$174,740
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,494,800
$3.5M
Cap Rate 7%
$2,496,286
$2.5M
Cap Rate 9%
$1,941,556
$1.9M
Market Conditions
NOI Build-Up for 13,483 SF
Gross rent
$242.7K $18.00/SF
− Vacancy
−$9.7K −$0.72/SF
EGI
$233.0K $17.28/SF
− OpEx
−$58.2K −$4.32/SF
NOI
$174.7K $12.96/SF
Area
Corpus Christi, TX
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,494,800
Cap Rate 7%
$2,496,286
Cap Rate 9%
$1,941,556
Alternative Uses
Best Use
Specialty Retail
$2.50M
$2.18M – $2.91M
NOI $174,740 @ 7.0% cap · market cap 4.92%
Second Best
Industrial
$1.01M
$882.1K – $1.18M
NOI $70,571 @ 7.0% cap · market cap 1.99%
Theoretical Best
Office A
$3.21M
$2.81M – $3.74M
NOI $224,573 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,509
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
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
$76,100
Median Home Value
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Market
Average Price Trend$/SF for Conventional restaurants in Corpus Christi, TX
Properties on Market for Conventional restaurants in Corpus Christi
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Former bar and restaurant with a turnkey restaurant buildout and rooftop patio on a downtown hard-corner location.
Where is this conventional restaurant located?
The property is located at 326 N Chaparral St Corpus Christi, TX.
What is the asking price?
The asking price for this property is $3,550,000.
What are key features of this property?
This property features: 12,483 SF former bar and restaurant on the hard corner of Chaparral St. and Lawrence St. in downtown Corpus Christi; Main bar area approx. 7,360 SF plus 2,500 SF rooftop patio with views of the city skyline, Water St., and Ocean Dr.; Restaurant component approx. 2,500 SF is fully built out and described as turnkey
