Property profile

301 Austin St Rockport, TX 78382

OFF-MARKET
Commercial real estate
Property ID
US82-6477239
46,542 SF 3.46 ac lot Built 1982
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 1.45-acre industrial property, situated in the heart of Rockport's Cultural District, presents a unique investment opportunity. Previously occupied by a HEB Grocery Store, this site boasts unparalleled visibility and accessibility. Its central location offers easy access to Rockport's vibrant cultural scene and its thriving tourism industry. The property's zoning allows for a wide range of development possibilities, making it ideal for a variety of uses. Imagine a boutique hotel capitalizing on stunning views, a dynamic retail center catering to the local community and tourists, or a captivating entertainment venue drawing crowds from far and wide. The significant advantage of this location is the potential to construct a building up to 100 feet tall, providing breathtaking panoramic views of the marina and Rockport beach. This height allowance offers unparalleled design flexibility and maximizes the property's potential for premium rental income or sale value. The substantial lot size provides ample space for expansive development, accommodating large-scale projects with ease. This is a rare chance to acquire a prime piece of real estate in a rapidly growing coastal Texas town, poised for significant future appreciation. The property's history as a successful grocery store location speaks volumes about its desirability and potential for continued success. Don't miss this exceptional opportunity to own a piece of Rockport's future.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1982
Total area 46,542 SF
Lot 3.46 ac (150,526 SF)
APN 5550-015-001-000
UPID US82-6477239

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

301 Austin St Rockport, TX 78382-2707
Rockport metro Census 950301 ROCKPORT, TX MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$1.53M

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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