0 22Nd St San Leon, TX 77539
This exceptional 1.9-acre commercial lot in San Leon, Texas, presents a remarkable investment opportunity. Located at 0 Bayshore Drive at 22nd Street (APN 6246-0006-0004-001), this rectangular corner lot boasts stunning bay views and is ideally situated near new construction homes and restaurants. Its prime location offers endless possibilities for development, including a home with a view, convenience store, gas station, general retail space, hotel, condos, or townhomes. The property is currently improved with a home and pond, which will convey with the sale; however, the asking price reflects the land value. The lot is level, cleared, and ready for immediate development. Water and sewer are available through the San Leon Municipal District. Potential buyers are responsible for verifying all development requirements and possibilities. A significant advantage is a recently signed 20-year lease for $10, granting waterfront access to construct a pier off 21st Street. This lease is transferable to the buyer and renewable for another 20 years upon expiration. The seller also offers the option to purchase a 0.75-acre hard corner for $295,000. This property is zoned for commercial use and presents a unique chance to capitalize on the growing San Leon market. The zip code is 77539.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.