Property Description
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
Address Map
2100
Padre Blvd.
Padre Beach Sec II
2100 Island Plaza
W98° 50' 2.6''
N26° 6' 0.1''
2100 Padre Blvd., South Padre Island, Texas 78597
MLS Addon
City,Corner Lot,Gulf Interior,Interior Lot,Padre B
1
20/25
CCAD
2022
PBS
$24,810
Active
Troy Giles Realty
Active
Bank Loan,Cash,Conventional
Commercial For sale
2100 Padre Blvd., South Padre Island, Texas 78597
4,792 Sqft
$1,475,000
Listing ID #98818
Basic Details
Property Type : Commercial
Listing Type : For sale
Listing ID : 98818
Price : $1,475,000
View : Interior
Built Up Area : 4,792 Sqft
Year Built : 1988
Lot Area : 29,635 Sqft
Days On Market : 41
Structure : Business Service,Franchise,Restaurant,Other
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