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2100 Padre Blvd.

South Padre Island, TX 78597
  • $1,475,000
  • STATUS: Active
  • ON SITE: 278 Days
  • MLS #: 98818
UPDATED: 38 min ago
$1,475,000
  • 0
    BEDS
  • 0.68
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,792
    SQFT
  • $308
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1988
County:

School Ratings & Info

School District:

Description

3 separate properties that must sell together. Plaza sold "As is, where Is" Subway has a guaranteed lease till 2025, restrictions on food venues, call for details. It only took a couple weeks to re-lease units 1, 2 & 3, #1-5yr lease $2K/Mo, #2 1yr lease at $1,700/Mo, # 3-1yr lease at $1,600/Mo. new lease. #4 lease Expires in Oct'23 at $1,400/Mo but they want to renew for another year, Subway has a lease ($2000/Mo) till Mid'2025 where terms can be renegotiated and stay in same location after 30+yrs. See on Documents for floor plans. Other expenses; Electricity $2,400.00Yr, Water $1,400.00/Yr, Garbage $6,000.00/Yr, BuildingMaint/grounds $ 12,000.00/Yr

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© 2024 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 Troy Giles Realty. Data last updated: 2024-05-20T17:29:58.06.
www.troygilesrealty.com/homes/142461768
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2100 Padre Blvd. South Padre Island, TX 78597

  • Price: $1,475,000
  • Status: Active
  • On Site: 278 Days
  • Updated: 38 min ago
  • MLS #: 98818
0
Beds
0
Baths
0
½ Baths
0.68
Acres
4,792
SQFT
$308
$/SQFT
1988
Built
Neighborhood:
Padre Beach Sec II
County:
Cameron
Area:
South Padre Island
School District:
Point Isabel ISD
Property Description
3 separate properties that must sell together. Plaza sold "As is, where Is" Subway has a guaranteed lease till 2025, restrictions on food venues, call for details. It only took a couple weeks to re-lease units 1, 2 & 3, #1-5yr lease $2K/Mo, #2 1yr lease at $1,700/Mo, # 3-1yr lease at $1,600/Mo. new lease. #4 lease Expires in Oct'23 at $1,400/Mo but they want to renew for another year, Subway has a lease ($2000/Mo) till Mid'2025 where terms can be renegotiated and stay in same location after 30+yrs. See on Documents for floor plans. Other expenses; Electricity $2,400.00Yr, Water $1,400.00/Yr, Garbage $6,000.00/Yr, BuildingMaint/grounds $ 12,000.00/Yr
Exterior Features

Location CityCorner LotGulf InteriorInterior LotPadre Blvd Frontage

Property Features

Block Number 20/25 Listing Conditions Not Applicable Lot Number 13 1 Source Sq Ft CCAD Tax Year 2022 Taxes 24810.00 Type Commercial Sale Type Of Property Business ServiceFranchiseRestaurantOther Zoning PBS

Listing courtesy of Edmundo Laguera of Troy Giles Realty: 9567612040.


© 2024 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 Troy Giles Realty. Data last updated: 2024-05-20T17:29:58.06.
 
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Troy Giles Realty
5813 Padre Blvd
South Padre Island TX, 78597