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.
For sale
$1,880,000
5712 Padre Blvd, South Padre Island, TX 78597
6beds
3,886sqft
Est.:
Multi Family
Built in 1981
-- sqft lot
$-- Zestimate®
$484/sqft
$-- HOA
What's special
Modern amenitiesElevated above padre blvdRecent upgradesDouble-sized corner lot
- 160 days
- on Zillow |
- 63 |
- 2 |
Zillow last checked: 7 hours ago
Listing updated: June 12, 2025 at 09:42am
Listed by:
Tony Altermatt 956-617-1940,
Palm Breeze Real Estate LLC
Source: SPIBOR,MLS#: 103409
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Cooktop, Stove, Washer/Dryer
- Laundry: Washer/Dryer Hook-up
Features
- Cabinets-Manufactured, Ceiling Fan(s)
- Flooring: Tile
Interior area
- Total structure area: 3,886
- Total interior livable area: 3,886 sqft
Video & virtual tour
Property
Parking
- Parking features: Asphalt
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Waterfront features: Gulf Interior
- Frontage type: Padre Blvd Frontage
Lot
- Size: 0.26 Acres
- Features: Less than 1 Acre
Details
- Parcel number: 6716001900017000
- Zoning: C
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Block, Stucco
- Foundation: Combination
- Roof: Flat
Condition
- Year built: 1981
Community & HOA
Community
- Features: None
- Security: Smoke Detector(s)
- Subdivision: Fiesta Isles
Location
- Region: South Padre Island
Financial & listing details
- Price per square foot: $484/sqft
- Tax assessed value: $446,488
- Annual tax amount: $7,023
- Date on market: 3/4/2025
- Listing terms: Bank Loan,Cash,Conventional
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