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606 N Carancahua St
Corpus Christi, TX 78401
Wilson Plaza: Value-Add/Redev Oppty · Office Property For Sale
Investment Highlights
- Lender-Owned Asset (REO): Opportunity to purchase at significant discount to replacement cost. 30-day closing extension available.
- Local, state, and federal financial incentive programs and strong support from the city are available.
- Strong credit tenants such as oil and gas companies and local and federal government offices with a healthy mix of MTM and long-term leases.
- Qualified Opportunity Zone property in the heart of Corpus Christi's CBD with preferential tax treatment available.
- Eligible for historic tax credits, LIHTC, PACE, and within the city's Tax Increment Reinvestment Zone, making the property eligible for grants.
- The property is surrounded by multiple area amenities including numerous entertainment venues, restaurants, parks, and professional services.
Property Facts
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
310,000 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
1927
Percent Leased
48%
Tenancy
Multiple
Building Height
16 Stories
Typical Floor Size
17,544 SF
Slab To Slab
10’
Building FAR
3.93
Lot Size
1.81 AC
Parcel Numbers
Zoning
B-6 - Business
Parking
564 Spaces (1.82 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Controlled Access
- Convenience Store
- Property Manager on Site
- Air Conditioning
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