Commercial Property For Sale

5504 Padre Blvd.

South Padre Island, TX

Price: $435,000

MLS: 91405

Agents: Terry & Tony Altermatt

Keller Williams Realty

Cell: 956-407-8855

Office: 956-761-1400

This building has approximately 2400 sq. ft. of air-conditioned commercial space on the ground floor with two bathrooms, a workroom, and one enclosed garage with overhead door. The concrete parking lot in front has parking for 8 vehicles, with 6 additional parking spaces in the rear. There is also a green area in the front that contains cactus and native plants.

The downstairs commercial space has a closed circuit security camera system with 14-day continuous recording DVR and 4 color cameras installed. Store security alarm system has also been installed and is monitored by local alarm company, Superior Alarm. The store also has removable steel hurricane panels and roll-up hurricane shutters for all windows and glass doors, and the building itself is of hurricane-resistant concrete block construction.

The building sits on a commercial 62'x155' lot on the east side of Padre Blvd., the main street of South Padre Island, Texas, near its intersection with Morningside Drive. It is one block from the Gulf of Mexico public beach.

The second floor contains two large, furnished, 2-BR, 2-Ba, rental apartments, each having 1040 sq. ft. of living area with front balconies and a rear sundeck. All flooring in the building has recently been remodeled with new ceramic tile, and the entire building has been repainted, inside and out. Both rental apartments have been repainted, tiled, and contain recently replaced appliances, including refrigerators, dishwashers, microwave ovens, washers and dryers, and water heaters.

Long-term rentals in these apartments are possible at $900 to $1200 per month, each. The building has 4 zoned air conditioning units, two of which were replaced in 2007 and two in 2013. DISH Network satellite TV in both apartments. The building has two telephone lines connected to the local AT&T system.

Price: $435,000