1519 S Port Ave - Freestanding FOR SALE


Corpus Christi, TX 78405- Downtown Corpus Christi
$699,000 USD
361-331-7936
1519 S Port Ave, Corpus Christi, TX for Sale
$699,000 USD
Freestanding - FOR SALE
1/2
null | Request Cap Rate

1519 S Port Ave
Corpus Christi, TX 78405
Downtown Corpus Christi


HIGHLIGHTS

  • Established Retail History With National-Credit Tenancy
  • Below Replacement Value ($89/sf)
  • Significant Recent Capital Improvements
  • Also For Lease For $8.50/SF/YR, NNN

OVERVIEW

Rare opportunity to acquire a proven retail location with strong underlying real estate fundamentals. Originally built in 2004 as a build-to-suit for Family Dollar, the property demonstrates long-term viability as a national-credit retail site. In 2021, the tenant completed a full interior renovation, reaffirming the functionality and modern condition of the space. That same year, the SPF roof was coated and carries a 15-year warranty, significantly reducing near-term capital expenditure concerns and enhancing investor confidence. The property offers immediate flexibility for an owner-user, value-add investor, or redevelopment strategy. With established retail history and updated improvements already in place, this location is well-positioned for repositioning, lease-up, or long-term hold.

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$89 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Strong Retail Location

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Drug Store, Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,552 SF

ZONING

IL

APN/PARCEL ID

217734

ASK ABOUT THIS PROPERTY

Joe CaseyJoe Adame & Associates, Inc.More Info
361-331-7936

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Joe CaseyJoe Adame & Associates, Inc.More Info
361-331-7936

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.