0 I-37 Corpus Christi, TX 78410
This exceptional 13.88-acre tract of land presents a compelling redevelopment opportunity in Corpus Christi, Texas. Strategically located off Interstate 37, between Hart Road and Violet Road, this irregularly shaped parcel boasts significant potential for multifamily development. The property features convenient access to IH-37, enhancing its appeal and accessibility. City water is readily available along the IH-37 frontage, while city sewer lines run along the western property line, simplifying infrastructure connections. Zoned RM-1 (Residential Multifamily), the land allows for a density of 22 units per acre, offering substantial development capacity. The asking price for this prime investment property is $1,965,000. The substantial square footage of 604,613 provides ample space for a large-scale project. The property's location offers proximity to numerous amenities within a couple of miles, making it an attractive location for future residents. The APN is 3267-0011-0011, and ownership is held by the Mostaghasi Investment Trust. This is a unique chance to acquire a significant land parcel in a growing area, ideal for those seeking a high-return multifamily development project. The property's size and zoning regulations make it particularly suitable for a substantial multifamily development, aligning well with the existing character of the surrounding area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.