314 Cut Off Rd - Hospitality FOR SALE


Port Aransas, TX 78373
$7,000,000 USD
361-303-3334
314 Cut Off Rd, Port Aransas, TX for Sale
$7,000,000 USD
Hospitality - FOR SALE
1/15
null | Request Cap Rate

314 Cut Off Rd
Port Aransas, TX 78373


HIGHLIGHTS

  • 52 updated rooms with remodeled interiors, modern furniture, and kitchenettes in select units.
  • 6 standalone cottages, perfect for extended stays or family getaways.
  • Leased retail space on-site, offering an additional income stream.
  • 2-bedroom on-site condo, ideal for owner-operators or converting into additional rental space.
  • Recent mechanical systems, windows, and a recently replaced roof ensure low maintenance for years to come.
  • Recently updated pool and a relaxing hot tub for guest enjoyment.

OVERVIEW

Seize the chance to own an iconic and well-established motel in the heart of downtown Port Aransas. Nestled on just under 2 acres of prime land along Cut Off Road, Shark Reef Resort offers unmatched potential for continued success or expansion. This turnkey property includes 52 well-maintained rooms, 6 charming cottages, and a leased retail space, offering diverse revenue streams. Sitting on nearly 2 acres of prime real estate along the Cutoff Road, this property offers endless possibilities for creative expansion. The current configuration includes a spacious lounge area that could easily be transformed into a breakfast café, wine tasting room, or other unique guest experiences. Imagination is your only limit!

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$247 USD /SF

# OF ROOMS

52

PRICE/ROOM

$134,615 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shark Reef Resort

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1966

PARKING SPACES

109

LAND DETAILS

LAND ACRES

1.94 AC

LAND SF

84,506 SF

ZONING

C-2

APN/PARCEL ID

631500000070

ASK ABOUT THIS PROPERTY

James MagillDH Realty Partners, Inc.More Info
361-303-3334

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

James MagillDH Realty Partners, Inc.More Info
361-303-3334

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