311 Saratoga Blvd Corpus Christi, TX 78417
- Flex space
- 4,800 SF
- 4.97 lot acres
Current Use by Public Records
- Coastal Drilling Co / Drilling Contractor / General Contractor
- Signal Security of Corpus Christi / Security Guard Service
- Liberty Well Services / Well Drilling Contractor
Property Details for 311 Saratoga Blvd
- Year built
- 1992
- Lot size
- 4.97 lot acres
- Property size
- 4,800 SF
- Zone code
- R-1B
- Property type
- Flex space
- APN
- 7425-0007-0030
- APU
- 742500070030
Description
This exceptional Corpus Christi investment opportunity encompasses a diverse portfolio of four industrial buildings totaling 32,953 square feet, strategically situated on two parcels of land. The main building, constructed in 2007, features 13,264 square feet of office space and 4,489 square feet of warehouse space within a pre-engineered metal structure on a concrete slab. A 7,500-square-foot service warehouse (built in 2012), a 2,500-square-foot service garage (2007), a 4,000-square-foot machine shop, and a 1,200-square-foot small shop (both 1992) complete the complex. All buildings are pre-engineered metal structures on concrete slabs, featuring corrugated metal sides and roofs with eaves ranging from 16 to 25 feet. The property includes two canopies totaling 4,160 square feet, a 5-ton crane in the welding shop, and a 10-ton crane in the mechanic shop. The Saratoga Blvd. site, approximately 4.9658 acres, is zoned IL (light industrial) and boasts approximately 353 feet of frontage on Saratoga Blvd. The Jurica Rd. parcel, encompassing approximately 20.066 acres, is located just outside city limits and is unzoned, offering significant expansion potential. The combined property offers a compelling investment opportunity for owner-users seeking a versatile industrial space in a prime Corpus Christi location. The asking price is $3,589,000, translating to $108.91 per square foot.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $510,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $420,000
- 6.5%
- $385,000
- 7%
- $360,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $339,000
Market price range: $175k - $339k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $660,000
- OFFICE BUILDING
- $585,000
- AUTO REPAIR, GARAGE
- $575,000
- RETAIL STORES
- $375,000
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Location Insight
- Map
- Local Demand
- City
- Corpus Christi
- County
- Nueces
- State
- Texas
- Longitude
- -97.4836
- Latitude
- 27.733
- CBSA code
- 18580
- CBSA name
- CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA
