518 Peoples StCorpus Christi, TX 78401

For Sale
$850,000

10,121 SF Office & Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use property, located at 518 Peoples St in downtown Corpus Christi, Texas, presents a compelling investment opportunity. The 10,121 square foot building, situated on a single lot with APN 191764, is a two-story structure offering a blend of executive office, storefront, and traditional office spaces. Currently, the building boasts 22.5% occupancy with two quality tenants leasing a combined 2,774 square feet across two separate units, each with its own exterior access. These units feature dedicated amenities. The remaining space is currently occupied by the seller, who is open to a leaseback arrangement at fair market value plus NNN charges or will vacate to accommodate a buyer's preferences. The building's features include seven bathrooms (one with a shower), multiple break rooms, a kitchen, a welcoming lobby, and a convenient eight-car internal garage with overhead door access. The property is zoned for commercial use and offers significant potential for increased occupancy and revenue. This is a rare opportunity to acquire a well-maintained, mixed-use building in a vibrant downtown location. The asking price is $850,000, translating to $83.98 per square foot. The property consists of three units within one building. This prime location in Nueces County, Texas, offers easy access to local amenities and businesses.

Highlights

  • $850,000 asking price for a mixed-use property.
  • 10,121 square feet total, with a price per square foot of $83.98.
  • Located at 518 Peoples St, Corpus Christi, TX 78401.
  • Mixed-use property with office and retail space; includes three units in a two-story building.
  • Currently 22.5% occupied, with two quality tenants and potential for leaseback or vacancy.

Property Details for 518 Peoples St

Property type
Other retail properties, Individual retail properties
Square Feet
10,121 SF
Buildings
1
Stories
2
Units
3

Location Insight

City
Corpus Christi
County
Nueces
State
Texas
Latitude
27.796828427099
Longitude
-97.395996311897
518 Peoples St, Corpus Christi, Texas

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518 Peoples St
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