87 At Skyline Dr Bolivar Peninsula, TX 77650
This exceptional 55-acre commercial property in Galveston County, Texas, presents a unique investment opportunity. Located on Highway 87 at Skyline Drive in Bolivar Peninsula (zip code 77650), this unrestricted, FEMA-insured land boasts approximately 436 feet of frontage on State Highway 87. Its strategic location offers less than a mile from the City of Crystal Beach and less than 0.7 miles from beach access, making it ideal for various developments. The property also features valuable water frontage on the Intracoastal Waterway (ICW), adding significant appeal. Situated approximately 2,200 feet from the Waterways residential development, this undeveloped, raw land is perfect for a variety of uses, including commercial development, residential development, or an RV park. The asking price is $2,250,000. This prime coastal location combines accessibility, natural beauty, and significant development potential, presenting a rare chance to acquire a substantial land holding in a high-demand area. The property's size and location make it an attractive investment for developers seeking to capitalize on the growing tourism and residential markets in the Bolivar Peninsula area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.