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Investment Highlights

  • South Padre Island Drive Frontage

Executive Summary

REDUCED! Located at 2650 - 2702 So. Padre Island Dr. (SH358), just sought of the Crosstown Expressway Interchange (SH286), between Ayers and Kostoryz Streets. This property has been occupied by longer term tenant T-Mobil.

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
24,000 SF
Building Class
B
Year Built
1982
Price
$4,025,360 CAD
Price Per SF
$167.72 CAD
Cap Rate
8.34%
NOI
$335,793 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.36
Lot Size
1.52 AC
Zoning
B-4
Parking
82 Spaces (3.42 Spaces per 1,000 SF Leased)
Frontage
243’ on Padre Island Dr

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Signage

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Appliances For Less
  • Retailer
  • 10,000 SF
  • -
  • -
  • Escapes
  • Retailer
  • 4,000 SF
  • -
  • -
  • Information
  • 10,000 SF
  • -
  • -

T-Mobile began as VoiceStream Wireless in 1994 and later adopted the T-Mobile brand after becoming part of Deutsche Telekom's U.S. operations. The company provides wireless voice, messaging, and data services, along with 5G home internet and business internet offerings for households and organizations. T-Mobile has also built a broader business around network evolution, including 5G-focused connectivity and managed connectivity, security, and fixed-wireless services for business customers.

Tenant Industry SF Occupied Rent/SF Lease End
Appliances For Less Retailer 10,000 SF - -
Escapes Retailer 4,000 SF - -
Information 10,000 SF - -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 8,000-10,000 SF
  • Retail
  • -
  • Now

+/- 8,000 SF of showroom and 2,000 SF of warehouse space ( all or part ) available on the heavily traveled SPID. Excellent location between Weber and Kostoryz with superior highway visibility. Currently Freedom Furniture and would consider keeping the warehouse should potential user only need the front showroom area. Prime location for most any retail use!

Space Size Space Use Position Available
1st Floor 8,000-10,000 SF Retail - Now

1st Floor

Size
8,000-10,000 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 8,000-10,000 SF
Space Use Retail
Position -
Available Now

+/- 8,000 SF of showroom and 2,000 SF of warehouse space ( all or part ) available on the heavily traveled SPID. Excellent location between Weber and Kostoryz with superior highway visibility. Currently Freedom Furniture and would consider keeping the warehouse should potential user only need the front showroom area. Prime location for most any retail use!

Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100

Nearby Major Retailers

PNC Bank
IHOP
Texas Roadhouse
Family Fare Supermarket
Fuddruckers
Buffalo Wild Wings
Bubba's 33

Property Taxes

Property Taxes

Parcel Number
272240
Land Assessment
$812,086 CAD
Improvements Assessment
$1,754,415 CAD
Total Assessment
$2,566,500 CAD
  • Listing ID: 38612649

  • Date on Market: 2025-12-01

  • Last Updated:

  • Address: 2650 S Padre Islan Dr, Corpus Christi, TX 78415

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