Bayfront Cottages

309 Fulton Beach RD,
Rockport, TX 78382

Beautiful location sitting right on Aransas Bay!

$3,200,000
Offering Price
$23,120
NOI
0.72%
Cap Rate
$114,286
Price Per Key
28
Total Rooms
7,840
Building SF
$3,200,000
Offering Price
$23,120
NOI
0.72%
Cap Rate
$114,286
Price Per Key
28
Total Rooms
7,840
Building SF

Redevelopment!

  • Bayfront Cottages is ripe for redevelopment! The key to modern experiential properties is creating a unique place with Instagram-worthy opportunities, automation, and headaches! Repurposing this property from a roadside motel to an STR boutique operation is sure to create a brand image that will be the pride and joy of any investor's portfolio. Contact us today on how we can help re-imagine this property!

Opportunity!

  • Rockport has long been a destination for people native to Texas, and as more and more people flock to Port Aransas, Rockport will continue to see steady growth. To truly understand the opportunity, Port Aransas does over $400M in tourism every year! While Rockport is nowhere close to that yet, Port Aransas is steadily losing its charm as more and more people flock to the area. With Port Aransas being only 18 miles away from Rockport, the next hot spot feels like a win in Rockport!

Location!

  • Located near Aransas Bay, this property offers stunning views of the water and is surrounded by numerous amenities, including shops, restaurants, and recreational activities. The local economy is strong, and the area is experiencing significant growth, making this an ideal time to invest in this promising market. This location will prove to be a strong asset in anyone's portfolio with its year-round operating season and waterfront views!

Opportunity Zone!

  • Another great point about this property is its location right inside the opportunity zone! Crafty investors have been using OZs to shield their investments for a while now, but the opportunity to invest in a beautiful area on the water does not come up often!

Texas!

  • What better market to be in than Texas? According to UHAUL statistics, more people are moving to Texas than any other state. Rockport has the advantage of being close to Corpus Christi (420K+ MSA), 2.5 hours to San Antonio (2.6M+ MSA), and three hours from Austin (2.3M+ MSA) and Houston (7.2M+ MSA) for a total population of 12.52M+ just a short drive away!
FOR MORE DETAILS CONTACT
Peter Meyer
President
(713) 320-9651
peter@gcbrokerage.com
9001219
David du Menil
Director - Texas
(254) 242-8129
David@TheIntrepidGroup.com
761631 - B