361-289-5168
37 Mazatlan Dr, Rockport, TX for Sale
Marinas - FOR SALE
1/17
null | Request Cap Rate

37 Mazatlan Dr
Rockport, TX 78382


HIGHLIGHTS

  • Located within the prestigious Key Allegro waterfront development with more than 800 homes and condominiums
  • Fully designed and permitted for reconstruction of a historic 159-slip marina
  • U.S. Army Corps of Engineers permit in place authorizing marina reconstruction +/-5.07 acres of submerged land under long-term lease
  • Primary submerged land lease term through 2054 with option for an additional 20-year extension
  • Marina basin dredged to approximately seven feet in early 2024
  • Fuel infrastructure in place with approximately 8,000-gallon combined diesel and gasoline capacity

OVERVIEW

Positioned at the heart of the prestigious Key Allegro waterfront community in Rockport, Texas, Key Allegro Marina presents a rare opportunity to acquire and redevelop one of the Texas Coast's most recognizable marina properties. Serving boaters and waterfront residents since 1965, the marina historically operated as a full-service destination featuring wet slips, fuel services, a restaurant, ship store and yacht brokerage. While Hurricane Harvey destroyed the marina docks in 2017 and interrupted operations, the property's future is already well-defined. The marina is fully designed and permitted for reconstruction, including authorization to rebuild its historic 159-slip configuration. Extensive planning, engineering and development work has been completed, allowing a future owner to capitalize on years of entitlement efforts and move directly toward redevelopment and operations. Located within the 800+ home Key Allegro community and surrounded by some of the most desirable waterfront real estate on the Texas Gulf Coast, this offering combines a premier marina location with significant value-add potential. With architectural plans, utility infrastructure designs, dock construction plans and recently dredged marina waters already in place, Key Allegro Marina represents a compelling opportunity to reestablish a landmark coastal destination and create long-term value through marina, hospitality and waterfront commercial operations.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Key Allegro Marina

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Marinas

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

71

LAND DETAILS

LAND ACRES

1.65 AC

LAND SF

71,874 SF

ZONING

B-1

APN/PARCEL ID

R24765

ASK ABOUT THIS PROPERTY

David HeitzmanCravey Real Estate Services, Inc.More Info
361-289-5168

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

David HeitzmanCravey Real Estate Services, Inc.More Info
361-289-5168

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