8220 South Padre Island Drive

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8220 South Padre Island Drive

Corpus Christi, TX 78412
Asking Price
$1.75M
Asset Type
Land
Class
Class B

What's Special

8220 South Padre Island Drive is situated in the South Side submarket of Corpus Christi, Texas. The property occupies a high-visibility position along the South Padre Island Drive (SH-358) frontage road, a primary east-west arterial connecting the city to Padre Island. The surrounding neighborhood is characterized by a mix of high-traffic retail centers, professional office parks, and residential developments. Nearby amenities include the La Palmera Mall, various national restaurant chains, and major medical facilities. The site benefits from direct access to a comprehensive network of local thoroughfares and regional highways, ensuring efficient logistical connectivity across the Coastal Bend area. The property’s location and zoning make it suitable for retail pad sites, medical office expansion, or hospitality development. Its significant highway exposure caters to businesses requiring high daily traffic counts and maximum brand visibility. Ideal tenants or owners typically include regional commercial developers, national retail franchises, or professional service firms seeking to establish a presence in one of the city's fastest-growing commercial corridors. The land offers a versatile foundation for projects ranging from quick-service restaurants and convenience facilities to specialized healthcare clinics, supported by the dense population and commercial activity concentrated within the immediate South Side vicinity.

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NOI
$80,000
Cap Rate
4.57%
DSCR
0.77
Underwater
Cash-on-Cash
-4.55%
Monthly Payment
$8,658.045
Annual Cash Flow
$-23,896.542

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