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    1310 Padre Blvd South Padre Island, TX 78597

    For Sale
    $300,000

    Prime South Padre Island Investment

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional commercial property, located at 1310 Padre Blvd in South Padre Island, Texas, presents a unique investment opportunity. The property consists of two paved commercial lots totaling 5,000 square feet, strategically situated on Padre Boulevard. Currently leased to Spi Fun Time Rentals, the lots are utilized for housing rental vehicles, generating consistent income. The 0.11-acre site is situated in Cameron County, Texas, zip code 78597, offering excellent visibility and accessibility. Detailed lease information is available upon request for qualified buyers. This property is ideal for investors seeking a stable, income-producing asset in a high-traffic, tourist-driven location. The asking price for this exceptional commercial property is $300,000. The property's prime location on Padre Boulevard ensures high visibility and accessibility, making it an attractive investment for a variety of commercial uses. Given the current lease agreement, this property offers immediate return on investment potential. The property's size and location make it suitable for a range of commercial ventures, capitalizing on the vibrant South Padre Island market. Serious inquiries are encouraged to explore this lucrative opportunity further. Contact us today to learn more about the lease terms and explore the potential of this exceptional commercial property.

    Property Features for 1310 Padre Blvd

    General Information

    Property type
    Specialty properties
    Lot Size
    4,792 SF

    HighLights

    • Two 5,000 SF paved commercial lots on Padre Blvd, South Padre Island, TX.
    • Currently leased to Spi Fun Time Rentals for vehicle rentals, generating consistent income.
    • 0.11‑acre site in Cameron County, TX (zip code 78597) with high visibility and accessibility.
    • Asking price: $300,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    South Padre Island
    County
    Cameron
    State
    Texas
    Longitude
    -97.164997
    Latitude
    26.094393

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    FAQs

    What type of property is this?
    Specialty property - Prime South Padre Island Investment
    Where is this specialty property located?
    The property is located at 1310 Padre Blvd South Padre Island, TX.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: Two 5,000 SF paved commercial lots on Padre Blvd, South Padre Island, TX.; Currently leased to Spi Fun Time Rentals for vehicle rentals, generating consistent income.; 0.11-acre site in Cameron County, TX (zip code 78597) with high visibility and accessibility.
    (956) 425-7098
    Request Owner's contact information
    1310 Padre Blvd 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
    1310 Padre Blvd South Padre Island, TX 78597
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