1501 SH 361 (Not direct access)/Leslie Lane, Port Aransas, TX, 78373

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About this property

Development land in Port Aransas located between State Hwy. 361 and Station Street. Approximately 1.005 acres per recent survey. This lot is zoned Commercial-2 and a small portion lies in the CZ-2 overlay zone. Currently, the lot can be accessed via Leslie Lane and also accessed off of State Hwy. 361 via unimproved Hunter Street. The address 1501 State Highway 361 is an approximate location for viewing purposes only. This parcel is currently 132.62 feet wide and 330.09 feet deep. It is possible during the development and platting process, some of this space may be used for easements, roadways and other development purposes. C2 zoning and this great location could possibly be used for an estate, a small subdivision, a multi-unit development, or a typical commercial business use. Interested parties need to contact the City of Port Aransas Building and Development Department to determine if their intended use is allowed. POSSIBLE SELLER FINANCING WITH ACCEPTABLE TERMS!!

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0% equity

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Estimated ARV (After-Repair Value)

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Rent-to-Value Ratio: 0.72%

Rent Estimate

$5,394 /month

Positive

Cash Flow Estimate:

$1,798 /month

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5.947%

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