121 Cut Off Rd - Office/Residential FOR SALE


Port Aransas, TX 78373
$2,900,000 USD
361-815-2300
121 Cut Off Rd, Port Aransas, TX for Sale
$2,900,000 USD
Office/Residential - FOR SALE
1/71
null | Request Cap Rate

121 Cut Off Rd
Port Aransas, TX 78373


HIGHLIGHTS

  • High traffic area
  • Flex space for office , retail etc.
  • Five vacation rentals and a heated saltwater pool
  • Great location in the heart of Port Aransas

OVERVIEW

121 Cutoff Road, Port Aransas, TX. Commercial property aka “ The Balinese”. Desirable location in town Port Aransas. Property consists of the main building approximately 4489 sq. ft plus 4 modern rental suites and a salt water swimming pool. Current use of the main building is 2232 sq. ft. of office space with a full kitchen. The entire office space has been leased to anchor tenant Stewart Title on a five year triple net lease. 1637 sq. ft. of Wellness Spa & Boutique would be available for new owners use or could be leased out. Also includes an on site laundry facility. There is an additional 620 sq. ft. one bedroom apartment at the north end of the building with a fenced in yard. Impact windows throughout. Roof was replaced in December 2017. Property in X flood zone with elevation over 13’. Main building also includes a 750 sq. ft. roof top covered deck with views of the ship channel. 4 modern studio suites in back built in 2019 with a beautiful 11 x 30 heated pool. Two additional storage rooms. Hardi board construction. These suites are currently vacation rentals. Lot is 0.665 acres or 28,974 square feet. Great opportunity to convert this commercial property to meet your needs. Ideal location for offices, retail or medical facility. Lighted sign recently rebuilt/ refurbished. High traffic area on Cutoff Road. Broker/Owner. Shown by appointment only.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$126 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Balinese

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

undefined, Medical, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

Commercial

APN/PARCEL ID

200115046

ASK ABOUT THIS PROPERTY

Marcus StarkeyRe/Max Coastal LivingMore Info
361-815-2300

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Marcus StarkeyRe/Max Coastal LivingMore Info
361-815-2300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.