15521 S Padre Island Dr
- Fully platted (see attached)
- NPI has a steady flow of tourists & residential growth with a year round draw of both
Property Description
North Padre Island is experiencing strong residential and multi family growth. Whitecap NPI is under way with an $800 million master planned community will offer many amenities as a residential and resort destination. The development will include a beach environment with shops, cates, market, yacht club and a national preserve. The community is 240 acres in total with room for about 780 residential lots and is a planned 7 year project. In addition to Whitecap NPID, Lake Padre Development is planned east of Park Road 22 and south of South Route 361. This 120 acre development will bring a marina, apartments, hotel, shopping and entertainment. The development has more than 2 miles of waterfront. The first phase of Lake Padre Development should kickoff with a beachfront 250 unit apartment complex in mid 2024. Bob Hall Pier was recently re-built with a new beachfront restaurant coming soon. Padre Bali Park & campground was expanded and improved in 2024, and Briscoe King Pavilion is undergoing a multi-million dollar expansion & rebuild. The subject property offers an excellent opportunity to join in the explosive growth of North Padre Island to serve the needs of the community, tourists, and travelers. This property is well suited for hotel/restaurant and retail development or a small townhome/condo project.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $1,575,000 |
| Lot Size: | 2.41 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout