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Property profile & analytics
FOR SALE
Turn key restaurants

2037 S Padre Island Dr Corpus Christi, TX 78416

4,815 SF 2.08 ac lot Built 2004
Entity Owned 14-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-4740481
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2004
Total area 4,815 SF
Lot 2.08 ac (90,474 SF)
Zoning code R-1B
APN 8340-0003-0120
UPID US82-4740481
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • IHOP Restaurant
Value estimations
Realmo proprietary · 4 methods
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by Request
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Hairdar Estates LLC · 14 yrs held
Hairdar Estates LLC
since 2011
4 recorded transactions
2017
Price N/A
2011
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
R-1B · Corpus Christi, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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