8416 Main St South Padre Island, TX 78597
- Retail properties
- 30,492 SF
- 0.70 lot acres
Current Use by Public Records
- Retail properties
Property Details for 8416 Main St
- Lot size
- 0.70 lot acres
- Property size
- 30,492 SF
- Property type
- Retail properties
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- South Padre Island
- County
- Cameron
- State
- Texas
- Longitude
- -97.1738
- Latitude
- 26.1507
