1737 S Staples St - Freestanding FOR SALE


Corpus Christi, TX 78404- Downtown Corpus Christi
$4,800,000 USD
737-237-9635
1737 S Staples St, Corpus Christi, TX for Sale
$4,800,000 USD
Freestanding - FOR SALE
1/31
null | Request Cap Rate

1737 S Staples St
Corpus Christi, TX 78404
Downtown Corpus Christi


HIGHLIGHTS

  • Freestanding retail space with a prime location, just four blocks from Corpus Christi's CBD and Medical District, and three blocks from the coast.
  • Exceptionally accessible corner lot with four curb cuts, roughly 100 parking spaces (4/1000 ratio), and quick access to Crosstown Expressway and I-37.
  • Collaborative, dynamic retail corridor with strong co-traffic, and well-established retailers like H-E-B, 7 Brew, Walmart, and Target are nearby.
  • Trade area within a 5-mile radius showcases a strong purchasing power, with 139,866 residents boasting an annual consumer spending of $1,278,283,090.

OVERVIEW

1737 S Staples Street presents an exclusive opportunity to secure freestanding retail space, currently home to a long-time, reputable tenant, Office Depot. Equipped with a loading dock and having undergone recent renovations, including five new air-conditioning units and a new roof, this retail space is fitted with the modern infrastructure and necessities to get started right away. This area of Corpus Christi is home to numerous nationally recognized brands and regional favorites, which underpin the corridor's desirability. Currently on a month-to-month lease basis, the tenant will vacate once a new owner is in place or until they need to move out. Currently paying a low fee of approximately $24,000 per month, 1737 S Staples Street offers investors a compelling opportunity to earn a steady income immediately while obtaining new permits for future development. Leverage 1737 S Staples Street's unmatched positioning, nestled in a thriving, sought-after retail hub, with a synergistic mix of businesses generating heavy cross-shopping traffic. Supplementing the heavy traffic is the city's recent $1 million investment in updating the traffic system on Staples Street, which significantly reduces travel times and ensures a smooth flow of traffic during peak hours. Boasts a central location between major arterial routes, with speedy access to the Crosstown Expressway/Highway 286, leading to either Interstate 37 or TX 358 in just five to seven minutes. Additionally, reach significant hubs, such as the Central Business District (CBD) or Corpus Christi's Medical Center, in just six minutes.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$178 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

96

LAND DETAILS

LAND ACRES

1.89 AC

LAND SF

82,328 SF

ZONING

CG-2

APN/PARCEL ID

266479

ASK ABOUT THIS PROPERTY

Gustavo ArtazaAlma Tierra Ventures LLCMore Info
737-237-9635

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Gustavo ArtazaAlma Tierra Ventures LLCMore Info
737-237-9635

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