6655, 6661, 6701 Highway 35 North

Rockport, TX

Multi-Use for Sale - $1,550,000 - 12,232 Sq. Ft. on 85000 acres


Agent Info

Marcus Roper

Property Info

CIMLS#1150421
Location
  6655, 6661, 6701 Highway 35 North
  Rockport TX 78382
UpdatedJuly 18th, 2024
TypeMulti-Use
Price$1,550,000
Building12,232 Sq. Ft.
Land85000 acres

Property Description

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.

Development Ready: Whether you envision retail spaces, hospitality ventures, or residential developments, these properties are development-ready, with the potential to shape the landscape of this growing community.


Financials

Rental Income: $133,440

NOI: $89,547.77

Cap Rate: 5.78%

Projected IRR: 9.73%