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27623521
27624016

600 Leopard St, Corpus Christi, TX 78401

WG
TX 816614
Marcus & Millichap - Houston
DT
IL 471.009921, IN RB14050851 (+1)
Marcus & Millichap - Chicago Downtown
Listed by Marcus & Millichap - Houston, Marcus & Millichap - Chicago Downtown
$4,500,000
232 days on market
Updated 62 days ago
Opportunity zone

The 600 Building

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 240,298
Net Rentable (SqFt) 108,004
Units 131
Pro-Forma NOI $964,258
Price per SqFt $19
Year Built 1963
Year Renovated 1981
Buildings 1
Stories 21
Parking Spaces 141 spaces
Parking Per SqFt 0.59
Investment Type Redevelopment
Sale Condition For sale by owner

Multifamily | 131 Units | $34,351/unit

Marketing description

The 600 Building development opportunity involves the rehabilitation and conversion of the existing office tower into a market rate multifamily mixed-use development via historic tax credit syndication. This proposed 131-unit development located in downtown Corpus Christi will include residential apartments, structured parking, a multitude of high-end amenities, and ground floor retail space available for lease. T

he building will maintain its historic and unique windows and exterior walls, but will receive a full interior renovation with brand-new layouts, fixtures and finishes. Dynamic views of the Corpus Christi Bay and downtown cityscapes, integrated secured parking and a wide range of amenities will draw future residents to The 600 Building. The ground floor will include approximately 2,700 square feet of leasable commercial restaurant space, including a covered outdoor patio, allowing the public to engage with the building while encouraging increased pedestrian traffic and street life. The building will also offer limited leasing for communication antennas on the roof

Investment highlights

Office to Apartments Conversion via Historic Tax Credits or Market

Credits, Loan, Approvals and Architectural Designs in Place

Irreplaceable Location in the Heart of Downtown Corpus Christi

Transferable Development Grant and Property Tax Reimbursements Agreements in Place

Ample Amenity and Commercial Space Creates Multiple Channels of Revenue

Listing Contacts

WG
TX 816614
Marcus & Millichap - Houston
DT
IL 471.009921, IN RB14050851 (+1)
Marcus & Millichap - Chicago Downtown
Listed by Marcus & Millichap - Houston, Marcus & Millichap - Chicago Downtown

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Additional Information

Name
Tim Speck
License
TX 9002994
Brokerage
Marcus & Millichap
Brokerage Phone
9727555200
Title
Broker of Record
Brokerage Address
3 Riverway, Ste. 300, Houston, TX 77056
Name
Will Garrison
License
816614
Brokerage
Marcus & Millichap
Brokerage Address
3 Riverway Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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