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    I-37 Corpus Christi, TX 78410

    For Sale
    $1,965,000

    13.88 Acres, Redevelopment Opportunity, High Potential.

    Property size:
    604,613 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 13.88-acre tract of land presents a compelling redevelopment opportunity in Corpus Christi, Texas. Strategically located off Interstate 37, between Hart Road and Violet Road, this irregularly shaped parcel boasts significant potential for multifamily development. The property features convenient access to IH-37, enhancing its appeal and accessibility. City water is readily available along the IH-37 frontage, while city sewer lines run along the western property line, simplifying infrastructure connections. Zoned RM-1 (Residential Multifamily), the land allows for a density of 22 units per acre, offering substantial development capacity. The asking price for this prime investment property is $1,965,000. The substantial square footage of 604,613 provides ample space for a large-scale project. The property's location offers proximity to numerous amenities within a couple of miles, making it an attractive location for future residents. The APN is 3267-0011-0011, and ownership is held by the Mostaghasi Investment Trust. This is a unique chance to acquire a significant land parcel in a growing area, ideal for those seeking a high-return multifamily development project. The property's size and zoning regulations make it particularly suitable for a substantial multifamily development, aligning well with the existing character of the surrounding area.

    Property Features for 0 I-37

    General Information

    Property type
    Multifamily properties
    Square Feet
    604,613 SF
    Lot Size
    604,613 SF

    HighLights

    • 13.88‑acre tract zoned RM‑1 (Residential Multifamily) in Corpus Christi, TX, allowing 22 units per acre.
    • Prime location off I‑37, between Hart Rd and Violet Rd, with city water and sewer readily available.
    • 604,613 square feet offering substantial development capacity.
    • Asking price: $1,965,000.
    • APN: 3267‑0011‑0011; Owned by Mostaghasi Investment Trust.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.590609482716
    Latitude
    27.852594788381

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    FAQs

    What type of property is this?
    Multifamily property - 13.88 Acres, Redevelopment Opportunity, High Potential.
    Where is this multifamily property located?
    The property is located at I-37 Corpus Christi, TX.
    What is the asking price?
    The asking price for this property is $1,965,000.
    What are key features of this property?
    This property features: 13.88-acre tract zoned RM-1 (Residential Multifamily) in Corpus Christi, TX, allowing 22 units per acre.; Prime location off I-37, between Hart Rd and Violet Rd, with city water and sewer readily available.; 604,613 square feet offering substantial development capacity.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    I-37 Corpus Christi, TX 78410
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