5200 Padre Blvd — Sale in South Padre Island, TX

  • Price: $3.2M
  • Listing type: For sale
  • Asset type: Business
  • Location: South Padre Island, TX 78597
  • Year built: 1987

Description

Jones Lang LaSalle (“JLL”) is pleased to present the opportunity to acquire 5200 Padre Blvd (the “Property”), a 5,500 square foot retail center located in the heart of South Padre Island. Specifically, the Property is positioned along South Padre Island’s primary corridor that runs north-south along the island, thus benefiting from the steady flow of both tourist and local traffic. 5200 Padre Blvd is currently 100% leased to three dynamic tenants, offering investors immediate cash flows, and with 1.9 years of weighted average remaining lease term, investors have the opportunity to mark rents to market, further boosting NOI.

Market Context

This commercial property in South Padre Island, TX is listed for sale at $3,181,000. The building dates to 1987. It has been on the market for 82 days. Compare it against other commercial property listings for sale in South Padre Island, TX — view the full market.

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