Welcome to this fantastic and rare investment opportunity! This unique property offers endless possibilities for lucrative investment ventures. Its prime location, double-sized corner lot in one of the best locations on Padre Blvd, offers more than 11,000 sq ft. This ample space opens unparalleled potential for expansion or repurposing. The existing building is concrete block construction, strategically elevated above Padre Blvd, houses 6 nicely-sized one bedroom / one bathroom fully rented apartments that boast modern amenities, many recent upgrades and a strong rental track record. The commercial zoning and generous lot size open doors for various development options, whether it's adding more rental units or exploring alternative commercial ventures. Seize this exceptional opportunity to make a mark in the thriving South Padre Island real estate market.
For sale
$1,880,000
5712 Padre Blvd, South Padre Island, TX 78597
6beds
3,886sqft
Est.:
Multi Family
Built in 1981
-- sqft lot
$-- Zestimate®
$484/sqft
$-- HOA
What's special
Modern amenitiesElevated above padre blvdRecent upgradesDouble-sized corner lot
- 236 days |
- 35 |
- 1 |
- Loading
- Loading