Description
Cruz-In Motel is an outstanding investment opportunity in a prime location. Ideally located on 1.55 acres within 2 minutes of a public boat launch w/fishing pier, Hampton's Marina, Aransas Pass Community Park/ Aquatic Center, & Shrimp-O-Ree. It's strategic location on HWY 361 between Rockport, Port Aransas & Ingleside makes it the perfect location for fishing & birding enthusiasts, and it's close proximity to the booming fabrication and oil industry employers makes it an incredible opportunity for growth & expansion. The original motel constructed with cement blocks boasts 8 units and a 6 unit expansion was completed in 2004. The front office has a 3 bedroom/1 bath/ floorplan. This could easily be re-configured to suit the buyer's needs. The home and 3 units need to be finished out, and materials have been purchased. Complete with utility room, storage building, an expansive courtyard w/ pool-sized area, and .55 acres for future development! Boasting 100% occupancy and an 8% cap rate!
-
0BEDS
-
1.55ACRES
-
0BATHS
-
01/2 BATHS
-
6,021SQFT
-
$178$/SQFT
School Ratings & Info
Description
Cruz-In Motel is an outstanding investment opportunity in a prime location. Ideally located on 1.55 acres within 2 minutes of a public boat launch w/fishing pier, Hampton's Marina, Aransas Pass Community Park/ Aquatic Center, & Shrimp-O-Ree. It's strategic location on HWY 361 between Rockport, Port Aransas & Ingleside makes it the perfect location for fishing & birding enthusiasts, and it's close proximity to the booming fabrication and oil industry employers makes it an incredible opportunity for growth & expansion. The original motel constructed with cement blocks boasts 8 units and a 6 unit expansion was completed in 2004. The front office has a 3 bedroom/1 bath/ floorplan. This could easily be re-configured to suit the buyer's needs. The home and 3 units need to be finished out, and materials have been purchased. Complete with utility room, storage building, an expansive courtyard w/ pool-sized area, and .55 acres for future development! Boasting 100% occupancy and an 8% cap rate!