Excellent value-add opportunity in a CG-2 (General Commercial) zoning district. This income-producing property is currently configured with five residential units plus a downstairs commercial/storage space, all fully leased and generating $3,800 per month in stable income. The CG-2 zoning allows for a wide range of commercial uses, offering strong upside potential through repositioning the residential units to commercial tenants and increasing rents over time. Investors can enjoy immediate cash flow while exploring redevelopment or re-tenanting strategies to maximize returns. Well-suited for a first-time investor or a buyer looking to add a flexible, mixed-use asset to their portfolio with both income stability and long-term growth potential.
| MLS # | 469858 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2017 |
| Days On Site | 231 |
| Listing Provided By | DH Realty Partners Inc | James Magill |
| SQ Feet | 3,232 |
|---|---|
| Story(s) | 2 |
| Building(s) | 3 |
| Acreage | 0.17 |
| Lot Features | Other |
|---|
| Parking Features | Asphalt |
|---|
| Tax Annual Amount | 4833 |
|---|
| State | TX |
|---|---|
| County | Nueces |
| City | Corpus Christi |
| Zip Code | 78404 |
| Community Name | Bay View #3 |
| Listing VS Median (in Bay View #3) | |
Price: $525,000 low | high Med: $143,000 sqft: 3,232 low | high Med: 1,326 $ / sqft: $162 low | high Med: $108 On site: 231 low | high Med: 60 | |
| State | TX |
|---|---|
| County | Nueces |
| City | Corpus Christi |
| Zip Code | 78404 |
| Community Name | Bay View #3 |
| Listing VS Median (in Bay View #3) | |
Price: $525,000 low | high Med: $143,000 sqft: 3,232 low | high Med: 1,326 $ / sqft: $162 low | high Med: $108 On site: 231 low | high Med: 60 | |