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$625,000

NAL Estimated Property Value

404-408 S Ninth Street, Port Aransas, TX, 78373

Off MarketInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths576 Sq Ft
price_per_sqft$1,085.07 / sqft
Year BuiltBuilt in 1949

About this property

Over 15,000 Sq Ft of commercially zoned land with prime location just ONE block off main thoroughfare Alister St & right in the heart of Old Town Port A. Includes an existing 576 Sq Ft rustic cabin with 2 bdrms & 1 bath. Ideal as an office or work/live combo. Over 1/3 acre of land gives you the flexibility to start or expand a business or even build up to 3 homes for rental/personal use. Property is just steps to shopping & dining or a quick golf cart ride to the beach. Best of all, this parcel is zoned C-2 allowing a multitude of uses including commercial & short or long term residential use or a combination of both. Centrally located on the coveted beach side of Old Town with potential sign visibility from Alister. Dimensions 112'W x 135'D / 0.34 acre. Use the 1940's cottage as an office or home now & improve the land to suit your needs. Downtown land is a rarity, so don't miss out! No deed restrictions, rental & golf cart friendly & literally STEPS to shopping & dining. New construction homes & townhomes nearby. Parcel is made up of 2 lots: 60' x 135' & adjacent 52' x 135' with cabin. C-2 zoning in CZ-2 overlay.

Investor Tools

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$625,000
Estimated Property Value
$0Estimated Mortgage Balance
$625,000Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,750 /month
Positive
Cash Flow Estimate:
$1,250 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

City: Port Aransas

404-408 S Ninth Street | Property Details | No Agent List