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130 E Goodnight Ave 5,000 SF Retail Building Aransas Pass, TX 78336 $830,572 CAD ($166.11 CAD/SF) 18.80% Cap Rate



INVESTMENT HIGHLIGHTS
- Location supplying millions of consistent vehicle traffic counts per year, size of building, one story, additional parking lot space, high growth area
- Zoned GB (General Business), allowing for a wide range of commercial uses including retail, hospitality, and food service.
- Situated directly across from HEB and on the main route to the Port Aransas ferry, the property benefits from 20,000+ vehicle traffic counts per day.
- Extensive upgrades completed in 2017–2018: new water/sewer lines, 3-phase electrical, natural gas, HVAC, insulation, and restrooms.
EXECUTIVE SUMMARY
OWNERS WILL CONSIDER OWNER/FINANCE OFFERS SUBJECT TO TERMS AND CONDITIONS: PRIME LOCATION, LOCATION, LOCATION for any and all investments with traffic counts in the 20,000 vehicle counts per day average. Pair that with 5000 square feet of interior space and an additional 4000 square feet of exterior revenue generating space this property has all is needed to be a great investment for its next owner. Total Land and Building square footage is just under 1/2 Acre at .44 Acres of prime development location. The property also has ample parking areas along the rear of the building, Corner Lot location, and Alleyway Access for additional ingress and egress if desired. Currently Zoned " GB " General Business under the City Of Aransas Pass which allows a very wide range of uses for the property. Having went through extensive remodeling to over half of the interior of the building in 2017/2018 which included new city water supply service and lines, new city sewer service, new 3 phase electrical service to the building, new natural gas supply lines, spray foam insulation, hvac system upgrades, and men/women restroom facility installations were some of the major improvements completed to the property. This property also has historically significant past with prior use as the local jail and fire department needs for the area. Located directly across from HEB, less than a block from the historical downtown zone with other locally growing businesses, the chamber of commerce and on the direct route of all travelers accessing the ferry system that services millions of people back and forth to Port Aransas, Texas every year. Most recent use of the building was a beer and wine Brew Pub and currently in ready to re-start All equipment including jacketed stainless steel brew tanks and chillers, tables, pos system equipment, glassware, cooking equipment, keg/food cooler room, freezers, on demand gas water heater is included in the sale ( see attached list of equipment included in the attachments along with other important information details. Other major points of interest is Aransas Park Water Park, Port Aransas Beach, Rockport Art District, Rockport Beach, Lexington Naval Aircraft Carrier, Texas State Aquarium, Aransas Bay Fishing, Deep Sea Fishing Charters, Conn Brown Harbor, Rialto Theatre, and tons of local shopping and events all within 30 minutes or less from this location. Make this property and your business the next point of interest and successful investment into a growing, expanding, exciting gulf coast area.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Building Class
C
Year Built/Renovated
1940/2017
Price
$830,572 CAD
Price Per SF
$166.11 CAD
Cap Rate
18.80%
NOI
$156,148 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.44 AC
Zoning
GB - General Business: WIDE array of both commercial and some residential use. See attached Zoning Information in Documents Section for details
Parking
60 Spaces (12 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Conferencing Facility
- Corner Lot
- Courtyard
- Restaurant
- Security System
- Signage
- Drive Thru
- Wheelchair Accessible
- Storage Space
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $309,499 CAD | |
| Land Assessment | $135,631 CAD | Total Assessment | $445,130 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$135,631 CAD
Improvements Assessment
$309,499 CAD
Total Assessment
$445,130 CAD
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130 E Goodnight Ave
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