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Property profile & analytics
OFF-MARKET
Land

3201 Tx-87 Bolivar Peninsula, TX 77650

197 ac lot
Property ID
Property summary
AI-generated overview

This expansive 197-acre property in Bolivar Peninsula, Galveston County, Texas, presents a remarkable investment opportunity for developers. Located at 3201 TX-87, zip code 77650, this commercially zoned land offers significant potential for mixed-use development, encompassing commercial, residential, and potentially hospitality components. A proposed site plan is available. The property boasts 1,765 feet of frontage and is conveniently situated near Galveston, accessible by a short drive and ferry ride. The area is renowned for its natural beauty, including proximity to Galveston Bay, offering excellent fishing opportunities. Nature enthusiasts will appreciate the nearby Anahuac and McFaddin National Wildlife Refuges, and the Houston Audubon Society sanctuaries at High Island, including the Globally Important Bird Area of Bolivar Flats. Essential utilities, including sanitary sewer and water, are readily available at the site, with electric service across the highway. The asking price is $5,577,858, translating to approximately $0.65 per square foot. Buyers are advised to conduct their own due diligence regarding wetlands and jurisdictional classification of acreage. This is a truly exceptional opportunity to create a landmark project on the upper Texas Coast.

Property profile
Verified
Property type Land
Lot 197 ac (8,581,320 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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