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22458761
22458762

1287 Co Rd 1155, Riviera, TX 78379

AK
TX 679239
Coldwell Banker Commercial NRT Jersey City
CH
TX 679239
Listed by Coldwell Banker Commercial NRT Jersey City
$2,695,000
436 days on market
Updated 34 days ago

Baffin on the Rocks

Details
Property Type Hospitality, Land (+1)
Sub Type Commercial, Hunting/Recreational (+1)
Square Footage 5,000
Net Rentable (SqFt) 5,000
Units 6
Cap Rate 9.02%
NOI $243,000
Pro-Forma Cap Rate 10.76%
Pro-Forma NOI $290,000
Price per SqFt $539
Class A
Year Built 2000
Year Renovated 2022
Buildings 6
Stories 1
Acreage 26.000
Zoning unrestricted
Parking Spaces per unit
Investment Type Owner/User
Ownership full
Sale Condition 1031 exchange

From the serene sunrise over the tranquil waters to the thrill of the perfect catch

Marketing description

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. Self sustained farming/living.

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.

You will have 5 cabins, 1 recreational center, a laundromat and a picnic pavilion to host large business meetings or family gatherings.

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. The inventory includes self paddling kayaks, lawnmowers, laundry facilities, tools and more.

Investment highlights

NOI $243,000

Over $284,000 prebooking for this year and adding more every day including 2026!!!

Wildlife exemption

Property has plats for subdivision

Access to city water at the end of the property

Currently on a water well.

Inventory consists of lots of great outdoor equipment including self-paddling kayaks, recreational center equipment, lawnmowers, washers, dryers, tools and more

management available to continue business

Listing Contacts

AK
TX 679239
Coldwell Banker Commercial NRT Jersey City
CH
TX 679239
Listed by Coldwell Banker Commercial NRT Jersey City

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$243,000.00
$20,250.00/mo

Valuation Metrics

0
DSCR
9.02%
Cap Rate
9.02%
ROI

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Additional Information

Name
Conner Hood
License
603756
Title
Broker of Record
Name
Alex Korniyenko
License
679239
Brokerage
Hood Real Estate Inc
Title
Real estate sales agent
Name
Conner Hood
License
679239
Brokerage
Hood Real Estate Inc
Brokerage Phone
830-928-2317
Title
Conner W. Hood
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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