Description
This prime commercial property located on Padre Boulevard offers a superb investment opportunity. The 3,416 sq. ft building comprises of five offices, a conference room, a lobby, a receptionist office, two restrooms, a kitchenette, four A/C units, ample parking, and a grandfathered large lighted pole sign. Additionally, the property includes a full-size one bedroom apartment with separate entrance, making it an ideal location for those looking to reside in the back of their business or for additional income. Included with the purchase of the building are the floor plans, renders, and financial projections for a fully automated fourteen bedroom boutique hotel concept with an annual cash on cash return of over 40%.
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0BEDS
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0.21ACRES
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0BATHS
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01/2 BATHS
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3,436SQFT
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$226$/SQFT
School Ratings & Info
Description
This prime commercial property located on Padre Boulevard offers a superb investment opportunity. The 3,416 sq. ft building comprises of five offices, a conference room, a lobby, a receptionist office, two restrooms, a kitchenette, four A/C units, ample parking, and a grandfathered large lighted pole sign. Additionally, the property includes a full-size one bedroom apartment with separate entrance, making it an ideal location for those looking to reside in the back of their business or for additional income. Included with the purchase of the building are the floor plans, renders, and financial projections for a fully automated fourteen bedroom boutique hotel concept with an annual cash on cash return of over 40%.
© 2023 South Padre Island Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Maggie Harris Team | Keller Williams Realty. Data last updated: 2023-05-31T21:30:26.953.