Turnkey Waterfront Restaurant Property On North Padre Island

Business Description

Turnkey Waterfront Restaurant on North Padre Island, Corpus Christi, TX
15137 S Padre Island Dr, Corpus Christi, TX 78418 and adjacent lot at Nemo Court

This high-traffic popular restaurant and bar, is located in a prime waterfront location on the main highway to the beach with 1.84 acres of land. The restaurant is newly renovated with stunning views, 12 boat slips and a large parking lot to accommodate local patrons and tourists alike and accommodates over 200 guests for an indoor or outdoor dining experience.

This premier restaurant includes top notch finishes in a modern design and an established, successful current owner. All equipment is included! Open your new location with an established clientele with this turnkey opportunity. The restaurant currently has a Full Liquor License with TABC!

Property includes an adjacent 1.54 acres of land that may be able to accommodate a branded hotel/motel, private condos, a B-n-B or retail building. This adjacent lot includes a 24,433 sq ft Concrete Parking Lot with 67 additional Parking Spaces.

Waterfront property is in high demand on North Padre Island in Corpus Christi and is a booming coastal market for new operators. This Property is right next door to the new Whitecap Living Development. This new master-planned community is in the process of rolling out 600 waterfront Residential Homes, Villas and Condos with Homes in the $1M+ price range. Perfect for tapping into future foot traffic and neighborhood growth as a Golf Cart / Walkway path will join the properties over the Canal.

Waterfront Canal feeds directly to the Don Patricio Bridge which leads out through the Packery Channel into the Gulf of America.

This is rare offering for owner(s), investors, or as a 1031 exchange. Offered at $3,995,000. Option available for the restaurant lot property or the additional 1.54 acre land lot to be split up and sold separately. Hurry, this exceptional opportunity will not last!

Property Information

Real estate:

Freehold

Location:

15137 S Padre Island Dr, Corpus Christi, TX 78418

Other Information

Support & training:

Seller will be available for transition.

Furniture / Fixtures value:

Undisclosed

Inventory / Stock value:

Undisclosed