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5312 Padre Blvd 5,230 SF 100% Leased Retail Building South Padre Island, TX 78597 $2,500,000 ($478.01/SF)
Investment Highlights
- Great location, high traffic area with 2 curb cut-outs. Island Market has established tenants
Executive Summary
Island Market retail shopping center...the entire building is for sale. The entire center has 4 businesses: Island Market, SPI Liquors, Coastal Lifestyles & Starnies Hot Dogs. There are 2 food trucks also. 2 gas pumps, above ground gas tank, 10 parking spaces, and great corner front location with 2 curb cut-outs for easy access off Carolyn or Padre Blvd. All businesses have a long term rental agreement & separate electrical meters.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,230 SF
Building Class
B
Year Built
1971
Price
$2,500,000
Price Per SF
$478.01
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
0.44 AC
Opportunity Zone
Yes
Zoning
COMMERCIAL - Commercial, convenience store, retail center
Parking
10 Spaces (1.91 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Corner Lot
- Pylon Sign
- Security System
- Storage Space
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Coastal Lifestyles
- Real Estate
- -
- -
- -
- SPI Liquor
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Coastal Lifestyles | Real Estate | - | - | - | ||
| SPI Liquor | Retailer | - | - | - |
Property Taxes
| Parcel Number | 676400-1690-001000 | Improvements Assessment | $285,737 |
| Land Assessment | $539,263 | Total Assessment | $825,000 |
Property Taxes
Parcel Number
676400-1690-001000
Land Assessment
$539,263
Improvements Assessment
$285,737
Total Assessment
$825,000
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5312 Padre Blvd
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