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Property Overview

Price/Rent PSF $ 1,600,000.00
Asset Type Office
Trade Type Sale
SQ. FT. Available 12,500
Date Available 05/23/2019
Additional URL Link
Parking 120
Floors 1
Additional parameters Show
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Description

Location
Located on the main thoroughfare connecting the upper Rio Grande Valley to South Padre Island, this memorable, waterfront property is only minutes away from a plethora of retailers and the Queen Isabella Causeway.

Sale
This unique and charming 12,500 SF waterfront property is being offered at a 6.5% cap rate. It is situated on a ± 1.84 acre parcel that features boat slips and excellent visibility from highway 100, and there is a traffic light within one block of the property. Its two spaces are currently leased by a gym and a clinic. Retailers such as HEB, Walmart, and H&R Block, among many others, are in close proximity with the property.

Location

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