1330 s commercial street , aransas pass, TX 78336

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!

Listing Courtesy of: Donna Pancoast of Blue Wave Realty

Listing information provided courtesy of the Corpus Christi Association of REALTORS^®. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS.

This listing last updated: Fri, January 12, 2024 at 2:26:18 PM EST

CCAR Listing Data Last Updated on Sun, April 28 2024 at 10:17pm