St. Gabriel of Corpus Christi Memory Care

Highlights:

• STRATEGIC LOCATION: Situated in the thriving South Side submarket of Corpus Christi, offering strong demographics and convenient access to major thoroughfares.
• Modern Facility: Delivered in 2016, the property spans 47,950 SF and includes 56 thoughtfully designed units with private restrooms, built-in desks, kitchenettes and large windows.
• COMPREHENSIVE CARE: Operational memory care facility previously provided memory care, short-term respite stays and hospice coordination services with extensive resident amenities.
• INVESTMENT OPPORTUNITY: Ideal for investors in senior housing and healthcare sectors.
• GROWING MARKET: Corpus Christi’s senior population is steadily increasing, providing long-term demand for specialized care facilities.
• HIGH REPLACEMENT COST: Construction costs range from $200 to $600/SF, making this existing facility a cost-efficient investment opportunity.
• MONUMENT SIGNAGE: Prominent visibility along McArdle Road enhances facility recognition and accessibility.
• PROXIMITY TO HEALTHCARE: Conveniently located near Corpus Christi’s medical hubs, including hospitals and outpatient clinics.

Description:

St. Gabriel of Corpus Christi is a 47,950 SF single-story facility on a 3.38 acre parcel in Corpus Christi, Texas. Built in 2016, the property features 56 private units (48 single, 8 double) with restrooms, kitchenettes and large windows. Previously operated as a memory care facility, it includes spacious communal areas and landscaped courtyards. Now vacant, fully furnished and being sold as-is without an assisted living license, the property offers significant redevelopment potential. Ideal for healthcare, rehabilitation, student housing or office conversion, it is well-positioned in the South Side submarket, benefiting from strong demographics and demand for specialized facilities. This offering presents an opportunity to acquire a high-quality asset below replacement cost for adaptive reuse.

**Offering Memorandum Available Upon Request.

The property presents a compelling opportunity for adaptive reuse across multiple sectors. As a vacant, fully furnished facility being sold as-is without an assisted living license, the replacement cost significantly exceeds the sale price, with new construction estimates ranging from $200 to $600/SF for comparable properties. The existing infrastructure makes it well-suited for healthcare and wellness uses such as behavioral health, specialty clinics, rehabilitation or wellness retreats. Alternatively, the layout supports affordable housing, co-living or student housing conversions. The property also lends itself to office and business use, including medical offices, shared workspaces or boutique office buildings. Located in Corpus Christi’s South Side submarket, this asset provides investors and operators a rare chance to repurpose a high-quality facility at a fraction of replacement cost.

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