Public Remarks:
This prime commercial property located on Padre Boulevard offers a superb investment opportunity. The 3, 416 sq. ft building comprises of five offices, a conference room, a lobby, a receptionist office, two restrooms, a kitchenette, four A/C units, ample parking, and a grandfathered large lighted pole sign. Additionally, the property includes a full-size one bedroom apartment with separate entrance, making it an ideal location for those looking to reside in the back of their business or for additional income. Included with the purchase of the building are the floor plans, renders, and financial projections for a fully automated fourteen bedroom boutique hotel concept with an annual cash on cash return of over 40%.
Co-Broker Commission:
3%
Variable Commission:
Yes
Listing information provided by South Padre Island Board of REALTORS MLS. Information is deemed to be reliable but is not guaranteed. Please remember to thoroughly research service providers.
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