FOR SALE
THIRTY-SEVEN INDUSTRIAL PARK
6 700
Int erstate
Hig hw a y-3 7
|
Corp us
C hr ist i,
T X
7 840 9
THIRTY-SEVEN INDUSTRIAL PARK
The property is located along Interstate 37 and refinery row on
the west side of Corpus Christi with more than 3/4 mile of
frontage on IH-37 between Southern Minerals Road and Corn
Products Road. The site is a short distance from Corpus Christi
International Airport and the central business district. ThirtySeven Industrial Park is located in the Corpus Christi Renewal
Community area.
view to the south
RENEWAL COMMUNITY
Commercial Revitalization Deduction. Businesses can accelerate the
depreciation of their qualified revitalization expenditures for a commercial
building by receiving a Commercial Revitalization Deduction allocation up to
$10 million. With an allocation, the business can deduct 50% of the total
qualifying expenditures in the first year the building is placed in service or
deduct the qualifying expenditures over 120 months beginning with the
month the building is placed in service.
view to the southwest
view to the north
GULFTEX Õ PROPERTIES
RENEWAL COMMUNITY
Renewal Community Wage Credit
Employers can take up to $1,500 federal tax credit per employee per year who lives and works in the Renewal Community
Commercial Revitalization Deduction
Businesses can accelerate the depreciation of their qualified revitalization expenditures for a commercial building by receiving a Commercial
Revitalization Deduction allocation up to $10 million. With an allocation, the business can deduct 50% of the total qualifying expenditures in the first
year the building is placed in service or deduct the qualifying expenditures over 120 months beginning with the month the building is placed in
service. Building must be located census tract 1, 3, 4, 5, 7, 10, 11, 13, 35, or 50. Contact the City of Corpus Christi for an application.
Zero Percent Capital Gains
Gains on Renewal Community Business assets can be excluded for federal income tax. Renewal Community Business assets must be active
trade or business located in the zone, with substantial assets and services performed in zone and 35% of its employees must reside in the zone.
Reduced Development Fees
The City of Corpus Christi offers a 50 percent reduction in survey and permit fees for projects located in the Renewal Community. If your project is
in this designated area, complete the Survey and Permit Fee Reduction Request Form and submit when requesting surveys and permits from the
City’s Development Services
Tax Abatement Schedule for Renewal Community Projects
Projects must create one full time permanent job per $50,000 in added value and maintain the job(s) during the term of the agreement. A minimum
of $250,000 of added value is required for rehab projects.
YEAR
% FOR
REHABILITATION
% FOR
NEW CONSTRUCTION
Construction Period
100%
100%
1
100%
75%
2
100%
75%
3
100%
GULFTEX Õ PROPERTIES
LOT PRICING
LOT NO.
LOT SIZE
ACRES
PRICE PER SF / ACRE
AMOUNT
1
1.00
$2.90 / $126,324
$126,324
2
1.00
$2.90 / $126,324
$126,324
3
1.00
$2.90 / $126,324
$126,324
4
1.00
$2.90 / $126,324
$126,324
5
1.00
$2.90 / $126,324
$126,324
6
1.00
$2.90 / $126,324
$126,324
7
2.54
$3.40 / $148,104
$376,184
8
5.30
$2.80 / $121,968
$646,430
9
4.92
$2.90 / $126,324
$600,083
10
4.56
$2.90 / $126,324
$576,038
11
6.99
$2.90 / $126,324
$883,005
12
1.73
$5.50 / $239,580
$414,473
13
1.25
$3.90 / $169,884
$212,355
14
1.43
$3.90 / $169,884
$242,934
15
1.55
$4.75 / $206,910
$320,711
16
4.79
$2.90 / $126,324
$605,092
17
4.92
$2.90 / $126,324
$621,514
18
4.51
$2.90 / $126,324
$569,721
19
2.93
$3.40 / $148,104
$433,945
GULFTEX Õ PROPERTIES
AERIALS & SITE PLAN
view to the northeast
view to the southeast
The Thirty-Seven Industrial Park project totals over 54 ACRES and is zoned “I-2” (Light Industrial). Thirty-Seven Industrial Park will have 1 to 10 ACRE lots
available for sale. The Industrial Park will be subdivided, platted and ready for individual use. Utilities will be available to the site.
view to the north
GULFTEX Õ PROPERTIES
THE CORPUS CHRISTI AREA
Energized by numerous positive factors, Corpus Christi’s
economy has gained tremendous momentum in recent
years — momentum that has caught the attention of many
throughout the country. Forbes, in its most recent “Best
Places Survey”, named Corpus Christi among the
“Top 20 Best Places To Do Business”. This
momentum continues to build, placing Corpus in the
enviable position of being poised for significant growth.
One major contributing factor to Corpus’s success is its
port, which is the fifth largest deep-water port in the U.S. in
terms of annual tonnage. Another huge factor is that
Corpus is home to the largest industrial employer in South
Texas, the Corpus Christi Army Depot (CCAD). The CCAD
is part of the Naval Air Station Corpus Christi, a major
flight training facility. Other military facilities in the area
include Naval Air Station Kingsville, one of the Navy’s
premier jet aviation training units and Naval Station
Ingleside, which is responsible for providing logistics and
base support services to 52 commands.
Much has been done in the past few years, and still many
new projects are underway. Construction began in 2003
on one of the nation’s most important marine science
research institutes, the Harte Research Institute for Gulf of
Mexico Studies, at Texas A&M University-Corpus Christi.
This thirty million dollar multipurpose arena was
successfully completed in 2005. Another impressive
completion was in 2006 with the Packery Channel, a huge
expansion project that has brought with it homes, retail
development and much new growth.
37 INDUSTRIAL PARK DEMOGRAHICS
WITHIN A THREE MILE RADIUS
2007 Employed 16+ By Occupation
Households For 2000, 2007 & 2012
Population By Employment
Other area projects include expansion of the city’s
convention center, airport and expressway system, as well
as refurbishment of the city’s historic seawall. Some of the
city’s major attractions include Whataburger Field Ballpark,
home to the Corpus Christi Hooks; the Texas State
Aquarium; the Ships of Christopher Columbus; the USS
Lexington Museum on the Bay and of course the beaches
along Mustang and Padre Island! With tourism as one of
Corpus Christi’s economic mainstays, residents and
visitors can get their fill of swimming, surfing, boating and
fishing! There is fun for all ages on the Corpus Christi
water fronts! With such a diversified economic climate it’s
easy to see why Corpus Christi is One of the Best
Places To Do Business!
Burris W. McRee, CPM®, CCIM
Brookhollow Office Park
6000 S. Staples, Ste. 205 | Corpus Christi, TX 78413
Phone: 361.992.9700 | Fax: 361.992.9790
Email: burris@gulftex.com
www.gulftex.com