35 Ocean Blvd South Padre Island, TX 78597
This exceptional 23.09-acre property in South Padre Island, Texas, presents a unique investment opportunity. Spanning from the beach to the bay, this expansive tract boasts approximately 175 feet of beachfront and offers breathtaking views. Currently subdivided into 85 lots, the land provides flexibility for various development scenarios, or it can be replatted into a single parcel. The property features approximately 350 feet of frontage along the beachfront, bayfront, and a north-south running road. Note that some areas of the land are submerged or low-lying. A significant sand dune, added by the previous owner, enhances storm protection. The property's strategic location between Island Adventure Park (Tract 31) and the end of Highway 100 (Tract 40) adds to its appeal. The City of South Padre Island's recent land acquisition at Tract 21 for future beach access further underscores the area's development potential. With the Texas Department of Transportation's increased focus on a second causeway nearby, this property's value is poised for significant growth. The asking price is $950,000, and seller financing may be available with a substantial down payment. The property's tax ID consists of 85 separate IDs. This is a prime location for development or a sound long-term investment. Detailed surveys and site plans are available upon request. The legal description is Tract 35, Ocean Blvd, South Padre Island, TX 78597.
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
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No recorded transactions found for this property.
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Risks
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