Introducing a prime investment opportunity in San Isabel, Texas a vibrant tourism community adjacent to South Padre Island, located in the Outlying Cameron County submarket. The subject property is located in a Federal Opportunity Zone and is a free-standing building constructed in 2008. Shadowed by an adjacent Walmart Supercenter and H-E-B Grocery, the subject property benefits from consistent vehicular and foot traffic from these major retailers. With an estimated 55 surface parking spots, ample parking is in place for a myriad of uses. Situated on State Highway 100 which connects directly to the Queen Isabella Causeway and South Padre Island, the subject property offers an ideal canvas for second generation retail/office/speciality uses (subject to verification of City of San Isabel's zoning ordinances). The property's strategic location and substantial square footage make it an attractive prospect for investors seeking a value-add addition to their portfolio.
Approx. 14,820 SF free-standing building
Located in a Federal Opportunity Zone
Low Cost Basis of $99.53/SF - Well Below Replacement Construction Cost
Constructed in 2008
Prime San Isabel area location
Direct Access to Queen Isabella Causeway and South Padre Island
AADT of 24,022 at State Park Road 100 and 2nd St NW (Source: CoStar)
Street Side Pylon Sign
55 Surface Parking Spots (Estimated)
PRICE + TERMS, ALONG WITH ALL OFFERS, ARE SUBJECT TO APPROVAL OF WALGREEN CO.’S REAL ESTATE COMMITTEE