5114 Carroll Ln Corpus Christi, TX 78415-3002
- Bars
- 3,316 SF
- 0.48 lot acres
Apr 05, 2024
Current Use by Public Records
- Bars
Property Details for 5114 Carroll Ln
- Year built
- 1976
- Lot size
- 0.48 lot acres
- Property size
- 3,316 SF
- Zone code
- B-4
- Property type
- Bars
- Property subtype
- Pubs
- APN
- 4430-0004-0360
- APU
- 443000040360
Description
This exceptional 2,940 sq ft commercial property, located at 5114 Carroll Ln, Corpus Christi, TX 78415, presents a unique investment opportunity. Situated on a 31,500 sq ft lot (including 10,500 sq ft of additional land for expansion), this single-story building boasts a prime location approximately 200 feet from the intersection of Carroll Lane and the SPID access road, offering easy access to Hwy 358. Previously operating as a bar for over two decades, the property is currently vacant and ready for immediate redevelopment. The CG-2 zoning permits a wide range of commercial uses, making it ideal for various businesses, including hospitality, medical offices, or retail establishments. The asking price is $580,000, and the property is available for occupancy on November 7, 2024. Its location in a high-traffic business district along Hwy 358, combined with its flexible zoning and ample land, makes this a compelling investment for owner-users seeking a property with significant potential. The existing building provides a solid foundation for a quick turnaround, allowing for customization to suit specific business needs. With a relatively low down payment, an investor could own this property and complete renovations within six months. This property offers a blend of convenience, flexibility, and high visibility, making it a strong contender in the competitive Corpus Christi commercial market. The Nueces County APN is 4430-0004-0360.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $255,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $242,000
Market price range: $213k - $557k -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $375,000 Current use
- AUTO REPAIR, GARAGE
- $395,000 Change: +6% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Corpus Christi
- County
- Nueces
- State
- Texas
- Longitude
- -97.406
- Latitude
- 27.724
- CBSA code
- 18580
- CBSA name
- CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA