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418 Peoples St
Corpus Christi, TX 78401
Furman Office Building and Garage · Office Property For Sale
Investment Highlights
- Easy commutes as the office is just minutes to Interstate 37 and the Crosstown Expressway.
- Opportunity for an investor to purchase a property with some vacancies and lease-up at market rates which have increased by 1.6% year over year.
- Nestled in a walkable area just three blocks to the Corpus Christi Bay and Marina, which is the only major downtown marina on the Texas Coast.
- The opportunity also includes a five-story parking deck which allows access to every floor of the office.
- Walkability is exceptional with a wide array of cuisines, entertainment, banks, and errands all within a quick stroll.
- Downtown Corpus Christi is currently undergoing an exciting transformation and revitalization making it the perfect place for businesses.
Property Facts
Property Type
Building Size
32,086 SF
Building Class
B
Year Built/Renovated
1926/1985
Percent Leased
80%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
5,000 SF
Slab To Slab
9’
Building FAR
0.91
Lot Size
0.81 AC
Zoning
CBD - Downtown Commercial
Parking
289 Spaces (9.01 Spaces per 1,000 SF Leased)
Amenities
- Atrium
- Controlled Access
- Security System
- Skylights
- Air Conditioning
Property Taxes
| Parcel Number | 191693 | Improvements Assessment | $510,158 |
| Land Assessment | $254,565 | Total Assessment | $764,723 |
Property Taxes
Parcel Number
191693
Land Assessment
$254,565
Improvements Assessment
$510,158
Total Assessment
$764,723
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