Mirabal Montalvo & Associates
Mirabal Montalvo & Associates
Listed by Mirabal Montalvo & Associates
$475,000
Mixed-Use Investment Opportunity Retail + Residential
Details
APN 2621 Ayers St & 2619 Ayers St Unit A & B
Property Type Mixed Use, Retail
Sub Type Convenience Store, Storefront
Square Footage 5,674
Net Rentable (SqFt) 4,900
Units 4
Cap Rate 4.88%
NOI $23,160
Occupancy 75%
Tenancy Multi
Pro-Forma Cap Rate 12.51%
Pro-Forma NOI $59,400
Price per SqFt $84
Year Built 2004
Year Renovated 2025
Buildings 1
Stories 1
Acreage 0.170
Zoning CG-2
Parking Spaces 10 spaces
Parking Per SqFt 1.76
Investment Type Owner/User
Ground Lease No
Sale Condition 1031 exchange
Mixed Use | 4.88% CAP | 5,674 SqFt
Marketing description
Investor or owner-user opportunity on Ayers Street in Corpus Christi. This mixed-use 4-unit property offers a combination of commercial and residential income with 2 retail spaces and 2 residential units. Current setup includes one long-term commercial tenant, one owner-occupied commercial space, one leased residential unit, and one vacant residential unit with immediate rental upside. The property features approximately 5,674 SF on a 7,405 SF lot, on-site parking, and separate utilities for each unit.
Near Del Mar College, with easy access to major thoroughfares and surrounded by established neighborhoods and businesses.
Investment highlights
- MIXED-USE INCOME PRODUCING ASSET 2 Retail Units + 2 Residential Units
- EXISTING CASH FLOW Three income-producing units with value-add opportunity
- OWNER-USER POTENTIAL Occupy one commercial unit while generating rental income
- STRONG RENTAL UPSIDE Below market rents on commercial and residential units
- CENTRAL LOCATION High visibility on Ayers St with easy access to major corridors, near Del Mar College
Listing Contacts
Mirabal Montalvo & Associates
Mirabal Montalvo & Associates
Listed by Mirabal Montalvo & Associates
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$23,160.00
$1,930.00/mo
Valuation Metrics
0
DSCR
4.88%
Cap Rate
4.88%
ROI
Map
Zoning
CG-2 CommercialGeneral CommercialGeneral Commercial
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View all 61 uses Last updated Apr 8, 2026 For deeper zoning details, reports are available at Zoneomics
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