15714-15726 S PADRE ISLAND DRIVE, CORPUS CHRISTI, TX 78418

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Homes for sale in 78418.


Active

List Price$3,500,000

15714-15726 S Padre Island Drive

Corpus Christi, TX 78418

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Listing #471544

7,585

Square Feet

4

Number of Units

Commercial

Type

About This Property

Prime Development Opportunity on Padre Island -- 2.35 Acres of CR-2 Resort-Zoned Land - Positioned in the heart of North Padre Island, this 2.35-acre assemblage offers a rare chance to secure seven contiguous platted lots in a location already recognized for its resort-driven growth and coastal appeal. Currently a portion of this acreage houses a metal building with four bays fully rented earning good income. The targeted development for this property is Multifamily Residential/Condominium/Short-Term Rental. The Commercial Resort (CR-2) designation is one of the most flexible and valuable zoning categories on the Barrier Islands, allowing you to shape the property into a high-performing asset. Permitted uses include: Tourist-oriented retail and services, water-related commercial ventures, indoor and outdoor amusement or recreation, and most importantly townhomes, multifamily, cottages, and group living. This zoning unlocks the potential for mixed-use development, hospitality concepts, vacation rentals, or resort-style residential communities--all in high demand on North Padre Island.

Property Features

Location Information

County

Nueces

Directions

From Park Road 22 and Highway 37. Take North Padre Island exit and drive to the Island passing three intersections with stop lights. Property will be on the right. Look for Tradewinds signage, metal building will be on the right side with a fenced area with large boat visible in front. Lots are on the left side of the property that extends from SPID to Palmira Drive.

Subdivision

Padre Island

Interior Features

Heating

Electric

Total Number of Units

4

Cooling

Electric

Exterior Features

Stories

1

Topography

Level

Construction/Exterior

Metal Siding

Lot Size in Acres

2.35

Exterior

Storage

Lot Size in Sq. Ft.

102,270

Foundation

Slab

Buildings

1

Possession

Close Of Escrow

Road Description

Paved

Parking Description

Other

Road Frontage

State Road

Has Garage

Yes

Has Waterfront

No

Garage Spaces

12

Is One Story

Yes

Additional Information

Roof/Attic

Metal

Year Built

2004

Other Utilities

Other

Status

Active

Property Type

COM

Documents Available

Aerial

Property SubType

Warehouse

Square Feet Source

Appraiser

Property SubType 2

Commercial Sale

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Mortgage Calculator

$16,344

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$12,612

Monthly Tax

$2,916

Monthly Insurance

$816

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Schools

Walk Score

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