5712 Padre Blvd., South Padre Island, TX 78597
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5712 Padre Blvd., South Padre Island, TX 78597,Video Tour
5712 Padre Blvd., South Padre Island, TX 78597
5712 Padre Blvd., South Padre Island, TX 78597
5712 Padre Blvd., South Padre Island, TX 78597
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Phillip Veale

Phillip Veale

+1(956) 897-0070
Listed by Palm Breeze Real Estate LLC Tony Altermatt
$ 1,880,000
Est. payment /mo
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Active

5712 Padre Blvd. South Padre Island, TX 78597

6 Beds

6 Baths

3,886 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,886 sqft

Price per Sqft $483

Subdivision Fiesta Isles

MLS Listing ID 104872

Bedrooms 6

Full Baths 6

Year Built 1981

Annual Tax Amount $6,546

Tax Year 2025

Lot Size 0.256 Acres

Property Sub-Type Multi Family

Property Description

Welcome to this fantastic and rare investment opportunity! This unique property offers endless possibilities for lucrative investment ventures. Its prime location, double-sized corner lot in one of the best locations on Padre Blvd, offers more than 11,000 sq ft. This ample space opens unparalleled potential for expansion or repurposing. The existing building is concrete block construction, strategically elevated above Padre Blvd, houses 6 nicely-sized one bedroom / one bathroom fully rented apartments that boast modern amenities, many recent upgrades and a strong rental track record. The commercial zoning and generous lot size open doors for various development options, whether it's adding more rental units or exploring alternative commercial ventures. Seize this exceptional opportunity to make a mark in the thriving South Padre Island real estate market.

Location

State TX

County Cameron

Area 3886

Zoning C

Interior

Interior Features High Speed Internet, Cabinets-Manufactured, Ceiling Fan(s)

Heating Electric

Cooling Central Air

Flooring Tile

Appliance Cooktop, Stove, Washer/Dryer

Laundry Washer/Dryer Hook-up

Exterior

Parking Features Common, Asphalt

Community Features None

Utilities Available Cable Available, Electricity Connected, Meters-Separate Electric, Meters-Separate Water, Water Connected, Sewer Connected, Water District

Waterfront Description Gulf Interior

Roof Type Flat

Porch Deck

Garage No

Building

Lot Description Less than 1 Acre

Story Two

Foundation Combination

Schools

Elementary Schools Point Isabel Isd

Middle Schools Point Isabel Isd

High Schools Point Isabel Isd

Others

Acceptable Financing Bank Loan, Cash, Conventional

Listing Terms Bank Loan, Cash, Conventional

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Nearby Locations

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5712 Padre Blvd.