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    8402 Padre Island Dr Corpus Christi, TX 78412

    Sponsored
    For Sale
    $2,238,984

    Waterfront Land, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    Exceptional commercial land opportunity in Corpus Christi, Texas, boasting 223,898 square feet and a desirable CG-2 zoning. This property offers approximately 360 feet of waterfront access to Oso Bay and approximately 540 feet of frontage on South Padre Island Drive (SPID), ensuring high visibility and accessibility. Current income is generated from a billboard sign on SPID. The strategic location provides proximity to key amenities and attractions, including seven multifamily developments within three miles, Texas A&M Corpus Christi (approximately four miles), Padre Island (approximately 15 miles), and Naval Air Station Corpus Christi (approximately 10 minutes). Nearby conveniences include retail establishments, urgent care, a pharmacy, and a grocery store within a short drive in Flour Bluff. The asking price is $2,238,984, translating to $10 per square foot. The property's APN is 8144-0003-0010. This is a rare opportunity to acquire a high-profile commercial parcel with significant development potential in a thriving coastal Texas market. The property's size and location make it ideal for a variety of commercial uses.

    Property Features for 8402 Padre Island Dr

    General Information

    Property type
    Land

    HighLights

    • 223,898 SF commercial land in Corpus Christi, TX, zoned CG‑2.
    • 360' of Oso Bay waterfront & 540' of frontage on South Padre Island Drive (SPID).
    • Current billboard income; $10/SF asking price ($2,238,984).
    • High visibility location near Texas A&M Corpus Christi, Naval Air Station Corpus Christi, and Padre Island.
    • APN: 8144‑0003‑0010.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Auto Repair Shop Hair Salon Clothing Store Nail Salon Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.319268877427
    Latitude
    27.683747204471

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    FAQs

    What type of property is this?
    Land - Waterfront Land, High Visibility
    Where is this land located?
    The property is located at 8402 Padre Island Dr Corpus Christi, TX.
    What is the asking price?
    The asking price for this property is $2,238,984.
    What are key features of this property?
    This property features: 223,898 SF commercial land in Corpus Christi, TX, zoned CG-2.; 360' of Oso Bay waterfront & 540' of frontage on South Padre Island Drive (SPID).; Current billboard income; $10/SF asking price ($2,238,984).
    (361) 854-4448
    Request Owner's contact information
    8402 Padre Island Dr Corpus Christi, TX 78412
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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
    8402 Padre Island Dr Corpus Christi, TX 78412
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