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    Property profile & analytics
    OFF-MARKET Estimated value $2,555,000
    Commercial real estate

    301 Austin St, Rockport, TX 78382-2707

    46,542 SF 3.46 ac lot Built 1982
    Entity Owned Free & Clear
    Property ID
    US82-6477239
    Property summary
    AI-generated overview

    This exceptional 1.45-acre industrial property, situated in the heart of Rockport's Cultural District, presents a unique investment opportunity. Previously occupied by a HEB Grocery Store, this site boasts unparalleled visibility and accessibility. Its central location offers easy access to Rockport's vibrant cultural scene and its thriving tourism industry. The property's zoning allows for a wide range of development possibilities, making it ideal for a variety of uses. Imagine a boutique hotel capitalizing on stunning views, a dynamic retail center catering to the local community and tourists, or a captivating entertainment venue drawing crowds from far and wide. The significant advantage of this location is the potential to construct a building up to 100 feet tall, providing breathtaking panoramic views of the marina and Rockport beach. This height allowance offers unparalleled design flexibility and maximizes the property's potential for premium rental income or sale value. The substantial lot size provides ample space for expansive development, accommodating large-scale projects with ease. This is a rare chance to acquire a prime piece of real estate in a rapidly growing coastal Texas town, poised for significant future appreciation. The property's history as a successful grocery store location speaks volumes about its desirability and potential for continued success. Don't miss this exceptional opportunity to own a piece of Rockport's future.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1982
    Total area 46,542 SF
    Lot 3.46 ac (150,526 SF)
    APN 5550-015-001-000
    UPID US82-6477239
    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
    Current use
    Occupant on record · Public records
    • Treasure Islander Shop (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.56M
    Owner & transaction history
    CORPUS PROPERTIES LLC
    CORPUS PROPERTIES LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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