Waterfront Restaurant with Covered
For Sale
$1,200,000
4242 Laguna Shores, Corpus Christi, TX 78418
CommercialSale, Corpus Christi, TX
Property Size3,000 SF
Lot Size0.44 Acres
Price / SF$400
Days on Market221
Property Features for 4242 Laguna Shores
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Off Street
Accessibility
Accessible Approach with Ramp
Subdivision
Bluffs Landing Marina Comm. C
Lot features
Level
View
Water
Standard status
Active
APN
080800000000
Size
3,000 SF
Lot size
0.44 Acres
Taxes and HOA fees
Tax Description
BLUFF'S LANDING MARINA CONDOMINIUMS COMMERCIAL UNIT PLUS 30.193 % INT IN COM AREA
Legal Description
BLUFF'S LANDING MARINA CONDOMINIUMS COMMERCIAL UNIT PLUS 30.193 % INT IN COM AREA
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Water front
1
Building Details
Year built
2005
Floors in Building
1
Roof type
Flat
Listing Agency:
Mirabal Montalvo & Associates
(361) 994-1140
Listed By:
Chris Montalvo · License #0528565
(361) 765-1725
Added: Mar 10
Changed: Oct 3
Last Checked: Oct 16 at 2:06AM
MLS# 473015
Copyright © 2026 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,000-square-foot restaurant, built in 2005, includes an updated interior dining area and a covered outdoor deck oriented toward the Intracoastal Waterway. Large windows provide natural light and water views, while multiple seating areas support regular service and private gatherings. Central heating, central air, a flat roof, and off-street parking are among the existing property features.
The property is located at 4242 Laguna Shores in Corpus Christi, Texas, along the Intracoastal Waterway. Public water and public sewer serve the site, and an accessible approach with ramp is provided. The combination of indoor dining and covered exterior seating accommodates a range of restaurant operations and event formats.
The property is located at 4242 Laguna Shores in Corpus Christi, Texas, along the Intracoastal Waterway. Public water and public sewer serve the site, and an accessible approach with ramp is provided. The combination of indoor dining and covered exterior seating accommodates a range of restaurant operations and event formats.
Key Highlights
- 3,000‑square‑foot restaurant on 0.4367 acres
- Directly positioned along the Intracoastal Waterway
- Remodeled interior dining area with large windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,960
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$799,200
$799.2K
Cap Rate 7%
$570,857
$570.9K
Cap Rate 9%
$444,000
$444.0K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$57.6K $19.20/SF
− Vacancy
−$4.3K −$1.44/SF
EGI
$53.3K $17.76/SF
− OpEx
−$13.3K −$4.44/SF
NOI
$40.0K $13.32/SF
Area
ZIP 78418
Vacancy
7.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$799,200
Cap Rate 7%
$570,857
Cap Rate 9%
$444,000
Alternative Uses
Best Use
Specialty Retail
$570.9K
$499.5K – $666.0K
NOI $39,960 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,278 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 78418, TX
31,787
Population
16,171
Households
2
Avg Household Size
42
Median Age
33%
College-Educated
91%
High-School Grad
73.3 sq mi
ZIP Area
434
Density / Sq Mi
$91,443
Median Household Income
$51,914
Median Earnings
$1,301
Median Rent
$274,800
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Remodeled dining property with indoor seating, covered outdoor space, and public utilities in place.
Where is this conventional restaurant located?
The property is located at 4242 Laguna Shores Corpus Christi, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 3,000‑square‑foot restaurant on 0.4367 acres; Directly positioned along the Intracoastal Waterway; Remodeled interior dining area with large windows
