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Listing Photo 98818
Main View Lot 1, Blk 24, 10,029sqft Lot 3, Blk 20, 14 spaces View from Padre Blvd Looking North from Pomapano St
Contact Information
For more information about this listing, please use the contact information listed below.
Edmundo Laguera
(C) (956) 299-0507
Troy Giles Realty
(M) (956) 761-2040
5813 Padre Blvd.
South Padre Island TX 78597
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Listing Details
MLS Number: 98818
List Price: $1,475,000
Street #: 2100
Street Name: Padre Blvd.
City: South Padre Island
State: TX
Building Name: 2100 Island Plaza
Est A/C SqFt: 4792
Public Remarks: 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
Co-Broker Commission: 2.5
Variable Commission: No
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