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24698190
24698205

817 N Carancahua St, Corpus Christi, TX 78401

Cravey Real Estate Services Inc
Listed by Cravey Real Estate Services Inc
$5,000,000
325 days on market
Updated 21 days ago
Opportunity zone

Studio 44 Lofts

Details
APN 0797-0010-0050; 0797-0006-0110
Property Type Multifamily
Sub Type Apartment Building
Square Footage 24,384
Units 44
Occupancy 91%
Price per SqFt $205
Class B
Year Built 1954
Year Renovated 2018
Buildings 1
Stories 4
Lot Size (SqFt) 11,085
Zoning CBD
Parking Spaces 27 spaces
Parking Per SqFt 1.11

44 Fully-Renovated Micro-Lofts

Marketing description

Located in the heart of downtown Corpus Christi, this property is positioned to capture strong demand from the city’s medical, legal, government and service-sector workforce. This building offers 44 fully renovated micro lofts with contemporary finishes, efficient layouts and strong tenant appeal. The property sits on a corner lot and includes a surface parking lot with 27 spaces located catty-corner from the building, guaranteeing valuable off-street parking in a dense urban submarket.

Why Micro-Units Work Here:

- Strong demand from traveling professionals

- Limited quality affordable options in immediate downtown area

- Lower turnover rates and lower operating costs

- Diversified tenant base reduces risk

Next Steps:

A high-level financial snapshot is available upon request. Full financials, rent roll and supporting documents can be provided after NDA execution. Contact David Heitzman at 361.541.4417 or dheitzman@craveyrealestate.com

Investment highlights

  • Prime walkable location in the Downtown Business District

  • Efficient micro-unit layout driving strong rent-per-square-foot potential

  • Consistently strong occupancy history

  • Clean, well-maintained condition with upgraded systems

  • Multiple revenue strategies: furnished rentals, corporate housing, flexible leases

Additional Highlights:

  • Prime Downtown Location – Situated in the heart of Corpus Christi’s Central Business District with walkable access to restaurants, entertainment and the bayfront.

  • Fully Renovated in 2018 – Extensive modernization of interiors and common areas while maintaining structural integrity and character.

  • 44 Micro Loft Units – Efficient, well-designed studio apartments ranging from 265–500 SF, ideal for modern urban living.

  • Harbor Bridge & Bay Views – Many units offer striking views of the iconic Harbor Bridge and Corpus Christi Bay.

  • On-Site Amenities – Includes a courtyard with Zen garden, gas grill, fireplace, bike storage and a community refrigerator/freezer for deliveries.

  • Lobby Coffee Bar & Mail Center – 24/7 coffee bar and secured mail and parcel area for tenant convenience.

  • Off-Street Parking – 0.31 acre surface parking lot catty-corner from the building; parking included for all units.

  • CBD Zoning – Flexible Central Business District zoning allows for continued multifamily use or future redevelopment opportunities.

  • Strong Rental Demand – Capitalizes on increasing demand for affordable, modern housing in a revitalizing downtown corridor.

  • Turnkey Investment – Stabilized asset with minimal deferred maintenance, ready for immediate cash flow.

Listing Contacts

Cravey Real Estate Services Inc
Listed by Cravey Real Estate Services Inc

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