Technical
Financial
Distress signals
Property profile

374 Nas Dr Corpus Christi, TX 78418

OFF-MARKET
Turn key restaurants
Property ID
US82-3775779
1,250 SF 0.28 ac lot Built 1950
Entity Owned 11-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 1,250 square foot vacant restaurant space at 374 NAS Drive, Corpus Christi, Texas, presents a compelling investment opportunity. Located in the Flour Bluff submarket, this property boasts prime frontage on NAS Drive, ensuring high visibility to a consistent flow of local and visitor traffic due to its proximity to the Corpus Christi Naval Air Station. The building, constructed in 1950, is a single-story structure situated on a 0.28-acre lot with paved parking and additional side lot parking. The property is zoned for Industrial-Light (IL) use, offering flexibility for various business ventures. Previously a restaurant, this space is ideally suited for a pizzeria, bakery, taqueria, or other specialty eatery. The asking price is $100,000, translating to $80 per square foot. The property's strong location within a vibrant mix of residential and commercial areas provides a built-in customer base. An adjacent 3,500 square foot former bar is also available for sale separately. This property offers excellent potential for investors seeking a well-positioned commercial space in a growing community. The APN is 5623-0001-0091 and the zip code is 78418. Low annual taxes further enhance the investment appeal.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1950
Total area 1,250 SF
Lot 0.28 ac (12,197 SF)
APN 5623-0001-0091
UPID US82-3775779

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

374 Nas Dr Corpus Christi, TX 78418-3250
Corpus Christi metro Census 3004 CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
$265k

Owner & transaction history

since 2014
7 recorded transactions
2014
Price N/A
2014
Price N/A
2014
$20,618
2014
Price N/A
2014
Price N/A
2012
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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