Renovated Retail
For Sale
Contact for pricing
3401 Baldwin Boulevard, Corpus Christi, TX 78405
Renovated one-story retail space with new interior build-out, located at a signalized intersection for strong access and visibility.
Property Size3,000 SF
Price / SF$233.33
Days on Market52
Property Features for 3401 Baldwin Boulevard
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Retail
Listing Agency:
Cravey Real Estate Services Inc
(361) 288-3102
Listed By:
Lynann Pinkham · License #TX 319336
Source:
Crexi
Added: Jun 15
Changed: Jul 10
Last Checked: Aug 4 at 11:35AM
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 one-story retail property features a masonry and frame structure with a flat roof, built on a concrete slab. The building has been renovated complete with a new finish out, including doors, windows, and an updated interior layout. The site is irregular in shape and has adequate depth to frontage ratio, supporting a straightforward retail configuration for a first-generation storefront use.
The property is located along the southwest side of Baldwin Blvd and the northwest side of Morgan Ave at their intersection, with an electronic traffic signal. Both thoroughfares provide visibility and practical access to the storefront.
For tenants or buyers seeking a move-in-ready retail option, the newly completed finish out reduces the amount of initial build-out needed to begin operating. The existing shell and storefront arrangement is well suited for a range of retail concepts that benefit from direct access from major arterials and consistent traffic flow at an intersection.
The property is located along the southwest side of Baldwin Blvd and the northwest side of Morgan Ave at their intersection, with an electronic traffic signal. Both thoroughfares provide visibility and practical access to the storefront.
For tenants or buyers seeking a move-in-ready retail option, the newly completed finish out reduces the amount of initial build-out needed to begin operating. The existing shell and storefront arrangement is well suited for a range of retail concepts that benefit from direct access from major arterials and consistent traffic flow at an intersection.
Key Highlights
- Renovated one‑story retail space (1505 SF) on a concrete slab
- New interior build‑out with all‑new finish out, including doors and windows
- Masonry and frame structure with a flat roof
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 | $54.0k | $18.00 |
| − Vacancy | −$2.2k | −$0.72 |
| EGI | $51.8k | $17.28 |
| − OpEx | −$15.6k | −$5.18 |
| NOI | $36.3k | $12.10 |
3,000 SF · lease $18.00/SF/yr · vacancy 4.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$518.4K
$453.6K – $604.8K
NOI $36,288 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$713.8K
$624.6K – $832.8K
NOI $49,968 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
926
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78405, TX
14,151
Population
6,068
Households
2.3
Avg Household Size
37
Median Age
4%
College-Educated
62%
High-School Grad
5.1 sq mi
ZIP Area
2,775
Density / Sq Mi
$37,188
Median Household Income
$25,323
Median Earnings
$1,030
Median Rent
$75,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Discount Flowers and Gifts — 2302 Laredo St, Corpus Christi, TX 78405
Frequently Asked Questions
What type of property is this?
Storefront property - Renovated one-story retail space with new interior build-out, located at a signalized intersection for strong access and visibility.
Where is this storefront property located?
The property is located at 3401 Baldwin Boulevard Corpus Christi, TX.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Renovated one‑story retail space (1505 SF) on a concrete slab; New interior build‑out with all‑new finish out, including doors and windows; Masonry and frame structure with a flat roof
