2100 Padre Blvd.
South Padre Island,
TX
78597
Property Details
List Price: |
$1,475,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
4792 |
Agency: |
Troy Giles Realty and Management |
Description/Comments
Lot Size: |
-- |
Property Type: |
Commercial |
Year Built: |
1988 |
Notes: |
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 |
MlsNumber: |
98818 |
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Listing Provided By: |
Troy Giles Realty and Management, original listing |
Name: |
Troy Giles Realty and Management |
Phone: |
(956) 761-2040 |
Office Name: |
Troy Giles Realty |
Office Phone: |
(956) 761-2040 |
Agent Name: |
Edmundo Laguera |
Disclaimer: |
Copyright © 2024 South Padre Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |