1212 Padre Blvd. $5,500,000

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    1212 Padre Blvd. South Padre Island, TX 78597

    Active

    $5,500,000

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    • 0.00 Acres
    • Land
    • MLS# 92294
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    Views: 34 Days On Market: 87

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    Property Details

    Lucrative investment opportunity for future development of a hotel or a condominium complex. Located within South Padre Island's business and entertainment district, this property is made up of 3 lots for a total of 3.47 Acres. Lot 1 is 0.54 Ac, Lot 2A is 1.18 Ac, and Lot 4 is 1.75 Ac. Denny's Restaurant sits on Lot 1 and a vacant structure with paved parking sits on Lot 2A. Lot 4 is a vacant lot with all utilities to curb and a non-exclusive pedestrian easement to the beach. Property to be sold as a bundle and must include a lease back to Denny's.

    Contact

    Padre Elite Team

    Padre Elite Team

    Padre Elite Team

    RE/MAX Elite

    Direct: 956-433-5648

    Neighborhood

    78597 (South Padre Island) Demographics

    60 Median Age
    321 Population Density (per sq. mile)
    48% College Educated
    $42,825 Estimated Median Income
    1,124 Estimated Total Home Owners
    537 Estimated Total Renters
    68% / 32% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    2,888 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $0 Median Sales Price
    0 Homes Sold
    123 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $5,500,000
        3/30/2020 10:32:33 AM Status Changed Source New Value: Active
        3/4/2020 9:10:00 AM New in Database Source

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        *This Payment Calculator is intended for educational and planning purposes only.
        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the South Padre Island MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.