10425 Padre Island Dr Corpus Christi, TX 78418

Property Details for 10425 Padre Island Dr

Year built

1998

Lot size

1.74 lot acres

Zone code

B-3

Property type

Commercial land

APN

3720-0000-0070

APU

372000000070

Description

This exceptional 45,170 sq ft pad site presents a unique ground lease opportunity in Corpus Christi, Texas. Located at the highly visible intersection of Waldron and South Padre Island Drive (SPID), this 1.04-acre lot boasts a prime location directly facing one of Corpus Christi's largest HEB grocery stores. The CG-1 zoning allows for a variety of uses, including restaurants, medical facilities, and retail establishments. This is a rare opportunity to secure a highly desirable location on SPID, a major thoroughfare with exceptional traffic counts: 31,815 vehicles daily (eastbound) and 62,506 vehicles daily (westbound) in 2022. The site offers convenient access via two driveways/streets leading into the HEB Plus store. The property is offered as a ground lease only, with all construction costs borne by the tenant. Tenant is responsible for all property taxes. The surrounding area demonstrates strong demographics, with an average household income within a two-mile radius exceeding $93,874 (ESRI data). This is one of the last remaining pad sites along SPID, making it an exceptionally attractive investment. The annual ground lease rate is $125,000. Don't miss this chance to establish your business in a thriving Corpus Christi location.