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    8416 Main St South Padre Island, TX 78597

    For Sale
    Contact for pricing

    Prime 0.7-acre multifamily development site.

    Property size:
    30,492 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 0.7-acre development opportunity in South Padre Island, Texas, presents a unique chance to create a thriving multifamily community. Located at 8416 Main St, zip code 78597, the property boasts a Planned Development District zoning, allowing for up to 25 multifamily units. The versatile zoning also permits the development of townhouses or single-family residences, offering flexibility for various project visions. With a total square footage of 30,492, this site is ideally situated within The Shores Master Planned Community, providing convenient access to the beach and marina. Its prime location is adjacent to the South Padre Island Farmers Market and the South Padre Island Convention Center, ensuring high visibility and attracting potential residents and visitors. The sale is offered as a For Sale By Owner transaction, with a Net Net Net (NNN) lease type anticipated for any future tenants. This presents a compelling investment opportunity for developers seeking to capitalize on the strong demand for residential properties in this desirable coastal location. The property is zoned for multifamily, retail use, and offers a multi-tenancy potential. This is a rare chance to build in a thriving area with excellent amenities and high potential for return on investment.

    Property Features for 8416 Main St

    General Information

    Property type
    Multifamily properties
    Square Feet
    30,492 SF
    Lot Size
    30,492 SF

    HighLights

    • 0.7‑acre development site in South Padre Island, TX (8416 Main St, 78597).
    • Planned Development District zoning allows up to 25 multifamily units, townhouses, or single‑family homes.
    • 30,492 square foot lot in The Shores Master Planned Community, near the beach and marina.
    • High visibility location adjacent to the Farmers Market and Convention Center.
    • For Sale By Owner; NNN lease anticipated.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    South Padre Island
    County
    Cameron
    State
    Texas
    Longitude
    -97.173777449775
    Latitude
    26.150653788276

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    FAQs

    What type of property is this?
    Multifamily property - Prime 0.7-acre multifamily development site.
    Where is this multifamily property located?
    The property is located at 8416 Main St South Padre Island, TX.
    What are key features of this property?
    This property features: 0.7-acre development site in South Padre Island, TX (8416 Main St, 78597).; Planned Development District zoning allows up to 25 multifamily units, townhouses, or single-family homes.; 30,492 square foot lot in The Shores Master Planned Community, near the beach and marina.
    (210) 253-6061
    Request Owner's contact information
    8416 Main St South Padre Island, TX 78597
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    South Padre Island, TX 78597
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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
    8416 Main St South Padre Island, TX 78597
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