Cocktail Lounge with Second-Floor
118 Cut Off Rd Port Aransas, TX 78373
118 Cut Off Rd, Port Aransas, TX, 78373
$1,395,000
For Sale
$1,395,000
Multi-level bar, office, and apartment setup with outdoor bar space and parking for 22+ vehicles.
Property Size3,100 SF
Price / SF$450
Days on Market110
Property Features for 118 Cut Off Rd
General Information
- Standard status
- Active
- Size
- 3,100 SF
Listing agency
Tarpon Realty
(361) 815-6784
Listed by
Ryan Richter · License #0635792
(361) 815-6784
Source
Exprealty
Added: Apr 3 Updated: Jul 10 at 1:51PM Checked: Jul 20 at 6:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tarpon Realty
Investment Insights
Based on property information with market context.
This property is currently configured as a cocktail lounge with multiple guest and staff areas. The first floor features a main bar with seating for more than 15 patrons, a second bar with seating for 8+, two well-appointed restrooms, and a back-of-house work area supported by utilities for a full kitchen. An additional outdoor bar provides a shaded space for guests.
The building sits on a large lot and is positioned on a main thoroughfare in Port Aransas, near city department buildings, the Civic Center, and the ferry landing at the entry to town. Parking accommodates more than 22 vehicles, and the outdoor area offers room to expand. A metal building on-site provides an open-slate option for a future business concept.
With both customer-facing space and functional support areas, this setup can fit a hospitality operator looking for an existing bar configuration, or a buyer planning to repurpose portions of the facility. The second floor includes office space and a private apartment with a full bath, which may appeal to owner-operators or tenants seeking on-site living. Nearby amenities and the ferry-area access can support businesses that benefit from regular town traffic.
The building sits on a large lot and is positioned on a main thoroughfare in Port Aransas, near city department buildings, the Civic Center, and the ferry landing at the entry to town. Parking accommodates more than 22 vehicles, and the outdoor area offers room to expand. A metal building on-site provides an open-slate option for a future business concept.
With both customer-facing space and functional support areas, this setup can fit a hospitality operator looking for an existing bar configuration, or a buyer planning to repurpose portions of the facility. The second floor includes office space and a private apartment with a full bath, which may appeal to owner-operators or tenants seeking on-site living. Nearby amenities and the ferry-area access can support businesses that benefit from regular town traffic.
Key Highlights
- Over 15,000 SF lot at 118 Cut Off Rd in Port Aransas with a metal building
- Multi‑level bar setup: first‑floor main bar seats 15+ patrons and includes 2 restrooms
- Second bar area seats 8+ and includes workspace for staff plus utilities needed for a full kitchen
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.4k | $24.96 |
| − Vacancy | −$4.4k | −$1.42 |
| EGI | $73.0k | $23.54 |
| − OpEx | −$18.2k | −$5.88 |
| NOI | $54.7k | $17.65 |
3,100 SF · lease $24.96/SF/yr · vacancy 5.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$781.8K
$684.1K – $912.1K
NOI $54,724 @ 7.0% cap · market cap 3.92%
Second Best
Office B
$740.8K
$648.2K – $864.2K
NOI $51,854 @ 7.0% cap · market cap 3.72%
Theoretical Best
Warehouse
$3.21M
$2.81M – $3.74M
NOI $224,515 @ 7.0% cap · market cap 16.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bars & Pubs
Similar For Sale Nearby
Similar Off Market Nearby
- Port A Beer Hut — 905 TX-361, Port Aransas, TX 78373
- Bron's Backyard — 314 E Avenue G, Port Aransas, TX 78373
- Third Coast Theater — 502 E Avenue G, Port Aransas, TX 78373
- Tropical Sno of Port Aransas — 501 S Alister St, Port Aransas, TX 78373
- Bron's Shaved Ice and To Go Bar — 314 E Avenue G, Port Aransas, TX 78373
FAQs
What type of property is this?
Bar & Pub - Multi-level bar, office, and apartment setup with outdoor bar space and parking for 22+ vehicles.
Where is this bar & pub located?
The property is located at 118 Cut Off Rd Port Aransas, TX.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Over 15,000 SF lot at 118 Cut Off Rd in Port Aransas with a metal building; Multi‑level bar setup: first‑floor main bar seats 15+ patrons and includes 2 restrooms; Second bar area seats 8+ and includes workspace for staff plus utilities needed for a full kitchen
