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 | |
Updated | July 18th, 2024 |
Type | Multi-Use |
Price | $1,550,000 |
Building | 12,232 Sq. Ft. |
Land | 85000 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%