$1,750,000 Last Listed Price
●
Land -
Off Market
15 8th Street
Palacios, TX 77465
Studio
0 Bath
$1,763,624
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model
About This Property
GREAT BUSINESS OPPORTUNITY on Matagorda Bay! This WATERFRONT
commercial property in Palacios is located centrally between
Houston, Austin and San Antonio on the Central Texas Coast. This
makes it an ideal location to provide business partners access to
major highways and waterways. This property would be a great find
for someone in the seafood business or someone looking to develop a
luxury RV Park!! Property features a Phase I ESA and over 6 acres
of PROTECTED HARBOR with a deep water canal! Property has access to
city water/sewer and has the added bonus of a deep water well!
South Bay Marina and Serendipity Bay RV Resort are two of the
neighboring properties of this up and coming area! Palacios High
School and Palacios Municipal Airport are nearby...along with
shopping, dining and entertainment! The saltwater fishing can't be
beat in Palacios. Not only does this property have a dock, it has
an area for a boat lift! This property has it all! Schedule your
private showing today!
Unit Size
-
Days on Market
-
Land Size
13.26 acres
Price per sqft
-
Property Type
Land
Property Taxes
$812
HOA Dues
-
Year Built
2000
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (HAR #10660767)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 11, 2022 | Sold | ||
| Sold | |||
| Nov 17, 2020 | Listed by Keller Williams Signature | $1,750,000 | |
| Listed by Keller Williams Signature | |||
| | |||
|
GREAT BUSINESS OPPORTUNITY on Matagorda Bay! This WATERFRONT commercial property in Palacios is located centrally between Houston, Austin and San Antonio on the Central Texas Coast. This makes it an ideal location to provide business partners access to major highways and waterways. This property would be a great find for someone in the seafood business or someone looking to develop a luxury RV Park!! Property features a Phase I ESA and over 6 acres of PROTECTED HARBOR with a deep water canal! Property has access to city water/sewer and has the added bonus of a deep water well! South Bay Marina and Serendipity Bay RV Resort are two of the neighboring properties of this up and coming area! Palacios High School and Palacios Municipal Airport are nearby...along with shopping, dining and entertainment! The saltwater fishing can't be beat in Palacios. Not only does this property have a dock, it has an area for a boat lift! This property has it all! Schedule your private showing today!
| |||
Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Palacios
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Listed by: Desiree Waraksa, Keller Williams Signature
Last Updated: 5 months ago
Data Source: HAR , MLS# 10660767
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Last Updated: 5 months ago
Data Source: HAR , MLS# 10660767
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