$1,475,000
0.68 Acre Lot

2100 Padre Blvd., South Padre Island Tx 78597

  • Commercial Sale Property Type
  • Paved Cars Garage
  • 1988 Year Built
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

Basic Details
Commercial Sale
For Sale
98818
$1,475,000
1988
0.68 Acre
Active
Troy Giles Realty
Edmundo Laguera
Commercial
: Tile
Features
: Electric
: Central Air
: Paved
: Tile
: High Speed Internet
: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected, Water District
: Gulf Interior
Address Map
US
TX
Cameron
South Padre Island
78597
Padre Blvd.
2100
W98° 50' 2.5''
N26° 6' 0''
Right on the heart of the Island and the Entertainment district. Look for Subway location.
South Padre Island
PBS
Neighborhood
Point Isabel ISD
Point Isabel ISD
Point Isabel ISD
Additional Information
tour.usamls.net/2100-Padre-Blvd-South-Padre-Island-TX-78597--98818/unbranded
5
: Corner Lot, Interior Lot, City Lot
110VAC,220 Volts
: Stucco, Block, Frame
Professional Service,Franchise,Restaurant,Other
4792
Financial
24810
Listing Information
23_69
23
Bank Loan,Cash,Conventional
Active
2024-09-30T16:47:37Z
SPIMLS
Agent Info
Logan Hardison
StarProperty
Star Properties Real Estate, 322 W Nolana Ave, McAllen, TX 78504 USA
Contact Agent
Contact Us
(956)664-2121