2121 Fm 3036, Rockport, TX 78382
32,670 SF Specialty Building Offered For Sale in Rockport, TX 78382
For Sale
Active
- Property Type
-
Specialty
- Square Feet
- 32,670 SF
Listing Contacts
Eli Buck
Landan Dory
- Property Info
Property Overview
The property is being offered unpriced and the Seller is receptive to all offers. A strong option available to a purchaser is to continue operating the property with a mix of short and long term rentals to maintain cash flow while simultaneously selling off individual units as condos. In observing 30+ condo sales in the Rockport market from the previous 12 months, the data shows that Condo sales in Rockport range from $158/ft to $471 per foot with a market average of $275/ft. The units at the Oasis range from 616 - 813 SF which means that at an average ppsf of $275, the comps show projected sales prices for each condo ranging from $198k per unit to $223k per unit. The logical strategy for a buyer is to purchase the property, erect a condo association and sell off units one-by-one while simultaneously operating and cash flowing the property from the STRs and LTRs.
Property Details
- Class
- C
- Year Built
- 2023
- Stories
- 1
- Lot Size (sq. ft)
- 439,956 SF
Highlights
- RESORT-CONDO COMMUNITY DEVELOPMENT
- BRAND NEW DEVELOPMENT
- AMENITIES
- SHORT & LONG TERM RENTAL INCOME
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