About 5712 Padre Blvd.
Welcome to this fantastic and rare investment opportunity! This unique property offers endless possibilities for lucrative investment ventures. Its prime location, double-sized corner lot in one of the best locations on Padre Blvd, offers more than 11,000 sq ft. This ample space opens unparalleled potential for expansion or repurposing. The existing building is concrete block construction, strategically elevated above Padre Blvd, houses 6 nicely-sized one bedroom / one bathroom fully rented apartments that boast modern amenities, many recent upgrades and a strong rental track record. The commercial zoning and generous lot size open doors for various development options, whether it's adding more rental units or exploring alternative commercial ventures. Seize this exceptional opportunity to make a mark in the thriving South Padre Island real estate market.
Features of 5712 Padre Blvd.
| MLS® # | 104872 |
|---|---|
| Price | $1,880,000 |
| Bedrooms | 6 |
| Bathrooms | 6.00 |
| Full Baths | 6 |
| Square Footage | 3,886 |
| Year Built | 1981 |
| Type | Multi-Family |
| Sub-Type | Other-See Remarks |
| Status | Active |
Community Information
| Address | 5712 Padre Blvd. |
|---|---|
| Area | South Padre Island |
| City | South Padre Island |
| County | Cameron |
| State | TX |
| Zip Code | 78597 |
Amenities
| Amenities | None |
|---|---|
| Garages | Common |
| View | Gulf Interior, Padre Blvd Frontage |
| Is Waterfront | No |
| Waterfront | Gulf Interior, Padre Blvd Frontage |
| Has Pool | No |
| Pool | Deck |
| Total Building Units | 6 |
| Pets Policy | As Owner Permits |
| Car Coverings | Single Attached Garage, Covered Parking, Unassigned Parking |
Interior
| Interior Features | Cabinets-Manufactured, Ceiling Fan(s), Smoke Detector, Unfurnished, Washer/Dryer Hook-up |
|---|---|
| Appliances | Cook-Top, Stove, Washer/Dryer |
| Heating | Central Electric |
| Fireplace | No |
Exterior
| Exterior Features | Deck |
|---|---|
| Roof | Flat |
| Construction | Block, Stucco |
| Foundation | Combination |
Additional Information
| Days on Market | 40 |
|---|---|
| Zoning | C |
| Foreclosure | No |
| Short Sale | No |
| Taxes | $6,546 |
Listing Details
| Agent | Tony Altermatt |
|---|---|
| Office | Palm Breeze Real Estate LLC |
| Contact Info | 9564335333, Info@PalmBreezeRealEstate.com |