2037 S Padre Island Dr Corpus Christi, TX 78416
For Sale
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This exceptional 1-acre retail property, located at 2037 S Padre Island Dr in Corpus Christi, Texas (zip code 78416), presents a lucrative investment opportunity. Zoned CG-2, this prime location boasts an impressive daily traffic count of approximately 150,000 vehicles, ensuring high visibility and accessibility for any business. The asking price is $522,720, translating to a land value of $12 per square foot. The property is situated on the highly trafficked South Padre Island Drive/Crosstown Expressway, offering unparalleled exposure to a large consumer base. This versatile property is available for sale as is, allowing for immediate development or redevelopment according to the buyer's vision. Alternatively, the owner is open to build-to-suit options, providing a flexible and customized approach to development. This makes it ideal for entrepreneurs seeking a turnkey solution or established businesses looking to expand their footprint in a thriving market. Nueces County's robust economy and growing population make this a compelling investment in a high-demand retail area. Don't miss this chance to acquire a prime piece of Corpus Christi real estate.
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IHOP Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R-1B · Corpus Christi, TXCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.