219 Hwy Gregory, TX 78359
This exceptional 0.78-acre commercial property, located at 219 Hwy 35 in Gregory, Texas (zip code 78359), presents a unique investment opportunity. The property boasts approximately 350 feet of frontage along US Highway 35 and 100 feet of depth, offering significant visibility and accessibility. The site includes three separate San Patricio County Appraisal District Tax IDs (55839, 55832, & 55847), encompassing lots 9-15. Currently featuring a 1,600 square foot cinderblock building, this property is ideally suited for a variety of uses, including restaurant, executive office, and apartment building, making it a true mixed-use gem. Its location in the heart of Gregory positions it to benefit from the ongoing growth of the Port of Corpus Christi and the surrounding commercial and industrial expansion in South Texas. Utilities such as electricity, gas, and water are readily available or located nearby. Built in 1976, this single-story building sits on a spacious lot within the Macaze Park subdivision and presents a compelling opportunity for entrepreneurs and investors alike to establish their presence in this thriving area. The property's strategic location and versatile nature make it an attractive investment with significant long-term potential. A survey of the land is available for review. Asking price is $150,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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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.