Property profile

5114 Carroll Ln Corpus Christi, TX 78415

OFF-MARKET
Bars & Pubs
Property ID
US82-1935968
3,316 SF 0.48 ac lot Built 1976
Entity Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1976
Total area 3,316 SF
Lot 0.48 ac (20,996 SF)
Zoning code B-4
APN 4430-0004-0360
UPID US82-1935968

Cap rate & NOI

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

Location

5114 Carroll Ln Corpus Christi, TX 78415-3002
Corpus Christi metro Census 2303 CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2018
3 recorded transactions
2018
Price N/A
2014
Price N/A
2014
Price N/A

Zoning & alternative use

B-4 · Corpus Christi, TX

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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