4861 Saratoga Blvd Corpus Christi, TX 78413

Property Details for 4861 Saratoga Blvd

Year built

1980

Lot size

1.08 lot acres

Property size

2,262 SF

Zone code

B-4

Property type

Turn key restaurants

APN

1863-0003-0090

APU

186300030090

Description

This exceptional Corpus Christi, Texas investment opportunity encompasses a thriving 19,700 square foot shopping center with a 94% occupancy rate, strategically located at 4861 Saratoga Blvd, 78413. The property features nine cash-flowing retail spaces, offering a diverse tenant mix and serving the growing south side community. Ample parking accommodates up to 77 vehicles, ensuring convenient access for shoppers and patrons. The center's strong performance history and high occupancy project consistent returns. Included in the sale is a freestanding restaurant exceeding 2,200 square feet, boasting high traffic and a convenient drive-through. This established eatery adds significant value to the overall investment. Further enhancing the property's potential is a half-acre unimproved lot situated behind the restaurant, presenting a prime opportunity for future development, such as self-storage, additional retail space, or office buildings. The property is offered at $4,200,000, representing a compelling $213.20 per square foot price and a 5.00% capitalization rate. This multi-tenant retail property presents a rare opportunity to acquire a well-established, high-performing asset with significant upside potential in a desirable location. The property's corner location and high traffic count contribute to its strong performance and future growth prospects. This is a turnkey investment ready to generate immediate income and long-term appreciation.