Investment Properties


South Padre Island Properties

Lots 17-19 Atol St.


Priced at $750,000

Ideal building site for condominium project, townhouses or single-family house.   On the corner of Atol and Gulf Blvd. across the street from the beach. 26,250 sq.ft., beach access across street, good neighborhood

 

Call Franke, Realtors – Commercial for details or to view call 956 761-2606.



Namar Event Center


Priced at $2,800,000

The Shores Namar Event Center offers a unique venue for exciting events unlike any other on South Padre Island.  Located in The Shores Master Planned Community and conveniently close to the South Padre Island Convention Center and SPI Hotels.  With its classical architecture, elegant interior and breathtaking view of the Laguna Madre, it provides an exceptional setting for any event from weddings to meetings.  Grand Hall has 3,000 sq. ft. and a smaller meeting room (500 sq. ft.) with a spacious kitchen and large covered porch encompasses entire building.

 

Call Franke, Realtors – Commercial for details or to view call 956 761-2606.



12 AC Bay Front Commerncial Site


Priced at $1,000,000

12-acre, Bayfront Site, located south of Queen Isabella Causeway.  Great exposure to all traffic going to Island.  Most of site is wetlands and will require a Corp. of Engineers Permit to develop.  However, deep water adjacent to site make property an excellent site for large Boat Marina.  Ships channel and access to Gulf, only short distance away with naturally deep water to ships channel.

 

Call Franke, Realtors – Commercial for details or to view call 956 761-2606.



Port Isabel Properties

14 Unit Apartment Complex


Priced at $949,000

New appliances, tile floors, plumbing fixtures, and balconies replaced/remodeled over past few years.

Lots of rental income potential with this complex.

4 garage spaces and coin operated laundromat offer additional sources of income.                       

Onsite maintenance offers ability to run itself.

Excellent investment opportunity!

 

· 14 Units

· Built in 1954—Updated in 1984

· 9,228 Sq. Ft.

· Taxes for 2017 $7,100.00

· Potential Gross Revenue $125,000.00

· Off street parking

· Coin operated laundromat

· 50% of tenants have occupied units for over 5 years

Lisa Graves 956.371.2074



Laguna Heights Commercial Property


Priced at $287,500

48066 Highway 100 Lot 1, 2 & 3 Block 20

 

18,228 Square Foot commercial Property. Located at the Southeast corner of Highway 100 and Buchanan Ave in Laguna Heights. 158.5' of Frontage on Highway 100, depth of 115' along Buchanan Ave. High traffic area just two blocks from the Port Isabel High School, and very close to South Padre Island. Site is currently being used for a dog grooming business (1104 sq ft), a one bedroom apartment (780 sq ft), a self-serve car wash, and laundromat. Site is suitable for a small commercial development.

Lot 1 - 58.5' x 115'
Lot 2 -    50' x 115'
Lot 3 -    50' x 115'
 

 

Call Franke, Realtors – Commercial for details or to view call 956 761-2606.



Bayview Properties

50 Acre – Bayview


$375,000

Excellent location with possible owner financing. Irrigated and Farmed land directly on San Roman Road. Build your personal home and farm the rest of the acreage. This is the perfect spot with amazing views and location, location, location. Owner will consider owner financing. All five 10-acre tracts sold together for $325,000. Lot 24 (10 AC) MLS# 86432 and Lot 39 (10 AC) MLS# 86436 sold separately for $65,000 each.

 

Call Franke, Realtors – Commercial for details or to view call 956 761-2606.



All Other Properties

Prime Bayfront Property


1,000,000.00

12-acre, Bayfront Site, located south of Queen Isabella Causeway. Great exposure to all traffic going to Island. Most of site is wetlands and will require a Corp. of Engineers Permit to develop. However, deep water adjacent to site make property an excellent site for large Boat Marina. Ships channel and access to Gulf, only short distance away with naturally deep water to ships channel.

Richard Franke Sr.



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Featured Properties Click photo for full gallery

  • Prime Commercial Property $550,000
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  • Well maintained garden style apartment complex. Priced at $949,000
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  • Shores Commercial Sites
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  • 5808 Padre Blvd. Priced at $2,800,000
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  • Commercial Lease Spaces
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Franke Realty | 8605 Padre | South Padre Island, TX 78597 | 1-800-447-4753 | 1-956-761-2606