Up for sale is this fully renovated and truly, one of a kind business-property located in the heart of Downtown. Only 2 blocks away from the Bayfront and Selena Memorial (Statue and across the street from the new Hilton Hotel that is under construction. All the grit, hard work, challenges and time that goes along with any major renovation have been completed and is ready for the new owner. The building is in excellent condition, the business is in a turn-key position, and there is nothing like it anywhere in Texas. This building is one of the most attractive, recognizable, and updated properties in Corpus Christi and has raised the bar for Restaurant/Bar/Hospitality/Family venues in the city.
The tenant operates as a successful, thriving, and growing business that is currently leasing the entire property. Retro is the only major family-friendly business venues in Downtown that also caters to the nightlife, 21+ crowd after 10 pm. There are several ways/options to get a deal done because everything is negotiable. For example: 1) The business/business assets may be sold and the new business owner may continue operating the business in this location as a tenant, with the current lease in place or revised lease, 2) The building may be sold to an investor and keep the current lease & tenant in place, in order to keep & sustain the income producing property, 3) The building may be sold without the business and business assets will be removed upon the sale during a leaseback period and the building would be left vacant for the new owner, or 4) The building may be sold with all the business/business assets to the new owner, in order for the new owner to continue operating the business as an owner/user. Again, everything is negotiable and all reasonable LOI's/offers will be considered.
The name of the operating business & tenant is called Retro and won the "Best New Business" award for Downtown Corpus Christi in 2023. This building was originally built in 1910, has been various businesses since then and was fully renovated in 2023. The building offers the one and only public Rooftop Bar & Patio with Downtown and Bay views with many improvements, a public elevator to the 2nd floor and wheelchair ramp to the rooftop, dumbwaiter elevator from the kitchen area to the 2nd floor, the largest see through glass floor in Texas, Replica of the original Harbor Bridge, 2-inch thick Custom Glass Bar countertops with LED lighting, walk in cooler, draft beer system, updated sprinkler system, new fire alarm panel & control equipment, security alarm system, state of the art video & sound equipment with iPad controls, new kitchen & gas lines, four area bars, new restroom plumbing & fixtures, new HVAC & ducts, new plumbing, new electrical wiring, new exterior lighting, interior & exterior infrared security cameras, cat-6 wiring, new structural steel reinforcements for the rooftop patio, new ceiling fans & interior lighting, and more. Again, there is nothing of this caliber in the city that can compare.
This 1908 building is in pristine condition and has six (6) streams of income that include: 1) large main downstairs bar, 2) rooftop bar, 3) arcade bar, 4) second floor gaming area with arcades & pinballs machines, 5) back speakeasy bar for public & private parties, and (6) full pizza & fry kitchen. This property is ready for the new owner/user or investor to take over and continue the momentum of this growing family-friendly business in a fast growing community. There are several new residential and commercial developments in the area, including a new Hilton Homewood Suites Hotel which is currently under construction and is literally located across the street that will bring more foot traffic & business. With all the nearby residential & commercial developments and new Harbor Bridge that will open in 2025, this is an excellent opportunity and the perfect time to acquire this property and/or promising business that will more than likely continue to appreciate in value.
Lastly, the next door property located at 322 N Chaparral St. is approximately 998 sq.ft. and is also for sale. This space is currently being used as additional storage space for the tenant, Retro. Again, everything is negotiable.
Please do no disturb tenants and/or employees regarding this listing. Any questions should only be directed to the listing broker. Why is this for sale or lease? Because the property owner is ready to move on to other projects.