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1923 Hwy 87 3,367 SF 100% Leased Retail Building Crystal Beach, TX 77650 $2,052,203 CAD ($609.51 CAD/SF)
Investment Highlights
- Highly visible Highway 87 frontage provides exceptional exposure along one of the Bolivar Peninsula's most traveled corridors.
- Located in the heart of Crystal Beach, offering convenient access to popular beach destinations, retail, and tourism activity.
- One of the few properties in the area grandfathered at a lower elevation, offering a unique development advantage.
- Rare opportunity to acquire a property with existing income-producing assets and significant future development potential.
- Additional land area provides flexibility for expansion, redevelopment, or new commercial uses.
Executive Summary
Two current Business's in place. Crystal Beach Cafe and Bliss Nails. RV rentals behind business also for additional income. 3 RV's will be conveyed with the sell. Restaurant also has an outdoor deck for additional seating, stage area. Concrete Parking lot. Additional Corner lots and 4 additional lots will be conveyed as well.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,367 SF
Building Class
B
Year Built
2009
Price
$2,052,203 CAD
Price Per SF
$609.51 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
0.73 AC
Parking
14 Spaces (4.16 Spaces per 1,000 SF Leased)
Frontage
222’ on Hwy 87
Amenities
- Freeway Visibility
- Restaurant
- Signage
- Air Conditioning
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 1405-0000-0000-001 | Improvements Assessment | $856,273 CAD |
| Land Assessment | $260,694 CAD | Total Assessment | $1,116,967 CAD |
Property Taxes
Parcel Number
1405-0000-0000-001
Land Assessment
$260,694 CAD
Improvements Assessment
$856,273 CAD
Total Assessment
$1,116,967 CAD
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1923 Hwy 87
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