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1301 N Chaparral St 17 Unit Apartment Building For Sale Corpus Christi, TX 78401

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INVESTMENT HIGHLIGHTS

Corpus Christi Sea District
Rapidly Growing area

Located in the TIRZ #3 Opportunity Zone
Blocks away from the American Bank Center, Bayfront, Shops, Museums, and other attractions.

EXECUTIVE SUMMARY

Location, location, location! Prime & excellent property located in the up & coming Corpus Christi Sea District. This location is zones as commercial intensive (CI) and qualifies for the TIRZ #3 opportunity zone incentives for redevelopment. You have a number of options for redevelopment projects such as multifamily project, retail, hotel, etc. This property is located just blocks away from the Bayfront, Hilliard Center, restaurants, shops, and museums. The interior of the has been demo'd and the building can also be renovated. A geotech soil report, survey, and preliminary plans for a 28 unit-25 parking apartment complex are available for the next buyer/investor and will be furnished during the feasibility period.

PROPERTY FACTS

Sale Type	Investment	Lot Size	0.34 AC
Sale Conditions	1031 Exchange Ground Lease (Leased Fee) Build to Suit Lease Option Redevelopment Project Building in Shell Condition	Construction Status	Abandoned
No. Units	17	Building Size	10,000 SF
Property Type	Multifamily	No. Stories	2
Property Subtype	Apartment	Year Built	1925
Apartment Style	Low-Rise	Parking Ratio	2.5/1,000 SF
Building Class	B	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	CG-2

Sale Type	Investment
Sale Conditions	1031 Exchange Ground Lease (Leased Fee) Build to Suit Lease Option Redevelopment Project Building in Shell Condition
No. Units	17
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	B
Lot Size	0.34 AC
Construction Status	Abandoned
Building Size	10,000 SF
No. Stories	2
Year Built	1925
Parking Ratio	2.5/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	CG-2