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Property profile & analytics
FOR SALE
Commercial land

5409 Lipes Blvd Corpus Christi, TX 78413

9.44 ac lot
Entity Owned 5-yr Hold Absentee Owner Free & Clear
Property ID
US82-3445584
5409 Lipes Blvd, Corpus Christi, TX 78413 For Sale
$2,175,555
5409 Lipes Blvd, Corpus Christi, TX 78413
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Property summary
AI-generated overview

This exceptional 9-acre tract in Corpus Christi, Texas, presents a unique development opportunity. Located at 5409 Lipes Blvd, in Nueces County, zip code 78413 (APN 2476-0006-0060), this property offers convenient access to all areas of the city. Currently zoned RM-1/SP, allowing for up to 28 dwelling units per acre, the land is perfect for a variety of projects, including apartments, townhouses, a retirement community, or an assisted living facility. The seller is willing to facilitate the division and re-platting of the land to meet specific development needs. This L-shaped parcel boasts substantial frontage of approximately 639 feet and a depth of approximately 940 feet, providing ample space for a large-scale development. The asking price for this exceptional property is $2,175,555. This represents a significant opportunity for investors seeking to capitalize on the growing residential market in Corpus Christi. The property's strategic location and flexible zoning make it an attractive investment with high potential for return. Don't miss this chance to acquire a prime piece of land in a thriving Texas city.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 9.44 ac (411,206 SF)
APN 2476-0006-0060
UPID US82-3445584
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Avanti Legacy Bayside LP · 5 yrs held
Avanti Legacy Bayside LP
since 2020
4 recorded transactions
2020
Price N/A
2018
Price N/A
2016
Price N/A
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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