20 S Hwy 35 - Warehouse FOR SALE


Rockport, TX 78382
$1,000,000 USD
361-834-6333
20 S Hwy 35, Rockport, TX for Sale
$1,000,000 USD
Warehouse - FOR SALE
1/1
null | 9.98% Cap Rate

20 S Hwy 35
Rockport, TX 78382


HIGHLIGHTS

  • Ideally located on Rockport's main arterial - Business-35
  • Recent constructions- latest windstorm standards

OVERVIEW

As of January 1st, 2025, the current tenant has 16 months remaining on their lease agreement. The previous owner built a 2 new structures on this property in 2018. Building # 1 (4,640 sqft), Building #2 (2,432 sqft). The property is listed at $142.86/sqft and is being sold below the estimated replacement cost. They may consider vacating the property early if the Buyer intends to occupy or lease the space before the lease expiration.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$152 USD /SF

CAP RATE

9.98%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

UTILITIES

-

CLEAR CEILING HT

20 Ft

DOCKS

1

DRIVE INS

1

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.49

LAND SF

21,501

ZONING

commercial

APN/PARCEL ID

49791

ASK ABOUT THIS PROPERTY

Wade SpenstNew Southern Commercial Real EstateMore Info
361-834-6333

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Wade SpenstNew Southern Commercial Real EstateMore Info
361-834-6333

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