Remarks

Three mixed-use parcels of 85,000 SF of land area, 9,640 of rentable space, at a pro-forma cap rate of 5.78%. The land offers the potential to develop retail, industrial, and residential property with limited Holiday Beach HOA restrictions. See the attached Offering Memorandum for full details. Coastal Investment Trio: Discover an unparalleled real estate opportunity with this portfolio of three properties at 6655, 6661, and 6701 Highway 35 North. Nestled along the picturesque Gulf Coast, these strategically located parcels offer a unique blend of versatility and potential. Prime Location: Situated in the heart of the Highway 35 corridor, these properties boast prime visibility and accessibility, making them ideal for commercial development, mixed-use ventures, or strategic land banking. Endless Possibilities: With expansive lots and strategic zoning, envision a range of possibilities, from retail spaces to boutique accommodations. The proximity to Rockport's attractions and the coastal charm enhances the appeal for businesses or developers seeking to make a mark in this dynamic region. Investment Advantage: Capitalize on the growth of the Rockport area, known for its coastal allure and economic vibrancy. The trio of properties provides a rare chance to secure a foothold in a region poised for continued expansion. Infrastructure and Accessibility: Benefit from well-developed infrastructure and easy access to major thoroughfares, ensuring that these properties are seamlessly connected to the broader community and beyond.

Details

MLS#: 3582587
Price: $1,550,000

Style: Mixed Use
Bedrooms: 0
Sq Ft: 12232
Year Built: 2016

County: Aransas
Subdivision: Holiday Beach Sherwood Downs
Tax Fee: 15702