15422 Salt Cay Ct Corpus Christi, TX 78418
This exceptional commercial land opportunity in Corpus Christi, Texas, presents a compelling investment prospect. Located at 15422 Salt Cay Ct A-F, 78418, this property encompasses six individual units, each boasting one bedroom and one bathroom. Each unit offers a generous 717 square feet of living space, complemented by a sizable 115-square-foot open porch, ideal for enjoying the captivating east-facing waterfront views. The total land area is not specified, but the individual unit sizes and the number of units provide a clear indication of the overall scale of the development. The asking price for this turnkey investment is $899,900. Situated in Nueces County, this property benefits from a prime location within Corpus Christi, offering easy access to local amenities and transportation networks. The property's waterfront location and the individual unit layouts present a unique opportunity for investors seeking a high-yield, low-maintenance commercial venture. The east-facing orientation of the porches ensures ample natural light and stunning sunrise views. This property is zoned for commercial use and is ready for immediate occupancy or further development. Detailed plans and specifications are available upon request. This is a rare opportunity to acquire a well-positioned commercial property in a thriving Texas coastal city.
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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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.