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Property profile & analytics
OFF-MARKET
Bars & Pubs

390 Nas Dr Corpus Christi, TX 78418

3,500 SF 0.18 ac lot Built 1950
Individually Owned 16-yr Hold Free & Clear
Property ID
US82-4506721
Property summary
AI-generated overview

This exceptional investment opportunity encompasses two buildings totaling 4,750 square feet, situated on a 0.46-acre lot at 390 & 374 NAS Drive in Corpus Christi, Texas (78418). Formerly housing the Big Easy Saloon and the Leaping Lizard, this property presents a turnkey solution for savvy investors or entrepreneurs seeking to establish or expand their business in a thriving community. The main building at 390 NAS Drive offers 3,500 square feet of space, ideal for a bar or restaurant, while the adjacent 1,250 square foot building at 374 NAS Drive is perfectly suited for a complementary eatery, such as a pizzeria, bakery, or taqueria. Boasting prominent frontage on NAS Drive, the property benefits from exceptional visibility to a consistent flow of local and tourist traffic, amplified by its proximity to the Corpus Christi Naval Air Station. The surrounding area is a dynamic mix of residential neighborhoods and commercial hubs, ensuring a reliable customer base. The property includes a paved parking lot with additional side lot parking, guaranteeing convenient customer access. Constructed in 1950, this single-story structure is zoned for Industrial-Light (IL) use, offering flexibility for various business ventures. The low estimated annual taxes and strong growth potential within the Flour Bluff submarket make this a compelling investment. APN: 5623-0001-0092. This NNN lease property is currently vacant.

Property profile
Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1950
Total area 3,500 SF
Lot 0.18 ac (7,710 SF)
APN 5623-0001-0092
UPID US82-4506721
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
  • Big Easy Saloon - Corpus Christi Bar & Pub
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Timothy C Teel · 16 yrs held
Timothy C Teel
since 2010
2 recorded transactions
2010
Price N/A
2009
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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