1287 S County Road 1155 - Hospitality FOR SALE


Riviera, TX 78379
$3,000,000 USD
361-304-3463
1287 S County Road 1155, Riviera, TX for Sale
$3,000,000 USD
Hospitality - FOR SALE
1/27
null | 8.1% Cap Rate

1287 S County Road 1155
Riviera, TX 78379


HIGHLIGHTS

  • Imagine owning a slice of paradise where the land meets the ocean with the gentle whispers of Baffin Bay as your symphony nestled on 26 expansive acre
  • This waterfront haven offers not just breathtaking escape, but also a lucrative income opportunity.

OVERVIEW

Imagine owning a slice of paradise where the land meets the ocean with the gentle whispers of Baffin Bay as your symphony nestled on 26 expansive acres. This waterfront haven offers not just breathtaking escape, but also a lucrative income opportunity. Baffin Bay is a picturesque and tranquil body of water located off the southern coast of Texas surrounded by the famous King Ranch and Kennedy Ranch. Known for its exceptional fishing conditions, especially speckled trout and redfish, Baffin Bay attracts anglers from all over. Great investment opportunity!!! Do you want to have an outdoor adventure? The best fishing spot for a savvy angler looking for a monster trout, black or red drum, fly fishing, wildlife paradise, whitetail deer, black bellied Whistling Duck, quail, nilgai and a variety of bird species. This is the perfect spot for you to make precious memories and special family gatherings with bonfire, skeet shooting and more!!! Maybe you are looking for a community development such an RV park, glamping, single family or multifamily development? This property has access to the city water supply and it would make an excellent getaway for winter birds and the growing retiring population. Currently, the property is being used as a fishing lodge/retreat generating a very lucrative income and has great potential to continue to grow and develop. This business created countless happy clients over the last 20 years with many returning every year. This property has 5 buildings, recreational center, outdoor picnic center and a pool. The inventory includes self paddling kayaks, lawnmowers, laundry facilities, tools and more. Owning a ranch in Baffin Bay is an extraordinary opportunity that combines natural beauty, investment potential, abundant recreational opportunities, income generating business, privacy and space, customizable lifestyle and sustainable living. Net Operating Income $243,000 Over $154,000 prebooking for this year and adding more every day. Property has plats for subdivision Inventory consists of lots of great outdoor equipment including self paddling kayaks, recreational center equipment, lawnmowers, washers, dryers, tools and more

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$567 USD /SF

# OF ROOMS

4

PRICE/ROOM

$750,000 {currency}

CAP RATE

8.1%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Baffin On The Rocks

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

2000

PARKING SPACES

25

LAND DETAILS

LAND ACRES

4.21 AC

LAND SF

183,476 SF

ZONING

-

APN/PARCEL ID

18219

ASK ABOUT THIS PROPERTY

Alex KorniyenkoBaffin on the RocksMore Info
361-304-3463

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Alex KorniyenkoBaffin on the RocksMore Info
361-304-3463

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.