Property Details for 101 12 St

Year built

2019

Lot size

1.97 lot acres

Property size

34,537 SF

Property type

Self storage facilities

Description

This exceptional 55-unit self-storage facility in Fulton, Texas, presents a compelling investment opportunity. Built in 2019, the property boasts 34,537 square feet across three buildings situated on a 1.97-acre lot (APN: 2026-014-000-000). The facility features two electronic gates with a bay wash, offering convenient access for tenants. Currently, 50% of the boat units (451-473 sq ft, $225-275/month) and 47.1% of the RV units (853-1,120 sq ft, $400-450/month) are occupied. The property enjoys a prime location along a high-traffic street, benefiting from excellent visibility and a daily traffic count of 12,600 vehicles. Its strategic position between Highway 35 Bypass and Highway 35 Business provides easy access to downtown Rockport, area attractions, and major retailers like Walmart and HEB. The property's strong location is further enhanced by its proximity to significant industrial developments and the Port of Corpus Christi, supporting a robust local economy. The 2024 year-to-date (June) financials show a gross profit of $47,559 and expenses of $32,988, resulting in a net operating income (NOI) of $15,474 (annualized to $30,950). The asking price is $2,500,000, representing a price per unit of $45,454.55. The low property tax rate of $1.43 per $100 assessed value adds to the investment's attractiveness. Within a one-mile radius, the average household income is $70,000, the average age is 52, and the population is 7,300. This property offers a blend of strong location, existing cash flow, and significant growth potential.

Location Insight

City

Fulton

County

Aransas

State

Texas

Longitude

-97.0453

Latitude

28.0622