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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1402 Chaparral St Corpus Christi, TX 78401

2,829 SF Built 1946
Property ID
Property summary
AI-generated overview

This exceptional mixed-use property in the heart of Downtown Corpus Christi presents a rare investment opportunity. The 2,829 square foot main building, renovated in 2018 while preserving its historic charm, currently operates as a law office. It features two large offices with private restrooms and adjoining assistant offices, two spacious conference rooms, a large reception area with two public restrooms, a full kitchen with a private entrance, and a flexible workspace ideal for additional workstations or storage. Architectural details include a columned porch, high ceilings, hardwood floors, crown molding, French doors, and large windows. A private courtyard adds to the property's appeal. Included in the sale are two additional living units: a detached apartment and a cottage, each boasting a full kitchen, one bedroom, one bathroom, living and dining areas, and an in-unit laundry/utility room. The property's location within TIRZ #3 offers eligibility for reinvestment incentives. Downtown Corpus Christi is experiencing significant growth, with 18 new businesses established in 2023 and 16 year-to-date in 2024, further enhanced by ongoing TIRZ projects and the anticipated completion of the new Harbor Bridge in 2025. This property offers a unique blend of historic character, modern functionality, and significant growth potential in a thriving downtown location. The asking price is $750,000. Built in 1946, this three-building complex is a must-see for discerning investors.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1946
Total area 2,829 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Garza Frank M Law Firm
  • Law Office of Kelly Koch Law Firm Child Welfare Organization
  • Dax F. Garza, P.C Law Firm
  • Kelly William J Law Firm
  • Koch Law Firm Law Firm
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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