1153 S Padre Island Dr Corpus Christi, TX 78416
- Commercial real estate
- 3,380 SF
- 0.29 lot acres
Current Use by Public Records
- Cycletown Motorsports / Auto Repair Shop / Motorcycle Shop
- Oiltrell / Engineer
Property Details for 1153 S Padre Island Dr
- Year built
- 1999
- Lot size
- 0.29 lot acres
- Property size
- 3,380 SF
- Zone code
- I-2
- Property type
- Commercial real estate
- APN
- 1690-0004-0020
- APU
- 169000040020
Description
This completely remodeled commercial property at 1153 S Padre Island Dr, Corpus Christi, TX 78416, offers exceptional income potential and versatility. The asking price is $609,900. This mixed-use building, classified as flex and traditional office space, boasts a prime location with amazing frontage. The structure underwent a complete renovation, including new siding, roof, wiring, plumbing, insulation, sheetrock, and lighting. Improvements also include a new electric sliding glass door, a central HVAC system, and a second bathroom with all new fixtures. Additional concrete was poured for expanded parking, and new security fencing with a gate and surveillance cameras enhances security. The main building features air-conditioned office, showroom, and shop areas. A detached structure includes three garage bays, each with a door entrance, a large covered carport, and freshly painted garage doors. A car wash pit is also present on the property. The property includes a Lamar billboard signage contract generating $3,000 annually. The building features two offices, two bathrooms, a showroom, and four garage bays, providing ample space for various business uses. Currently vacant, this property presents a unique opportunity for immediate occupancy and revenue generation. The building's extensive renovations and strategic location make it an attractive investment opportunity.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $325,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $570,000
- 6.5%
- $525,000
- 7%
- $490,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $662,000
Market price range: $128k - $663k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $385,000 Current use
- OFFICE BUILDING
- $415,000 Change: +8% Conversion: Easy
- AUTO REPAIR, GARAGE
- $405,000 Change: +5% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Corpus Christi
- County
- Nueces
- State
- Texas
- Longitude
- -97.4492
- Latitude
- 27.7458
- CBSA code
- 18580
- CBSA name
- CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA