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27432427

1806 Hwy 35 N, Rockport, TX 78382 For Sale

DN
TX 0747730, 747730
Coldwell Banker Pacesetter Steel Realtors Corpus Christi
Listed by Coldwell Banker Pacesetter Steel Realtors Corpus Christi
$7,000,000
282 days on market
Updated 71 days ago

Little Bay Landing

Details
Property Type Hospitality, Multifamily
Sub Type Apartment Building, Hotel (+1)
Square Footage 30,824
Net Rentable (SqFt) 30,824
Units 24
Class A
Year Built 1971
Year Renovated 2021-2023
Buildings 5
Stories 2
Lot Size (SqFt) 73,543
Ground Lease No

Luxury Vacation Resort / Condo Complex near the heart of Rockport, TX

Marketing description

Welcome to Little Bay Landing, a fully reimagined 24-unit condo complex offering a rare turnkey investment opportunity along Highway 35 N in Rockport. This comprehensive renovation from the studs includes HVAC, electrical, plumbing, windows, doors, and siding—resulting in a like-new property designed for long-term investment performance with minimal capital expenditures in the years to come.

Rebuilt with luxury in mind, guests will enjoy quality and attention to detail at every square inch of the interior.

The complex offers 284 feet of highway frontage in a prime location near HEB, Walmart, the new Starbucks, and many of Rockport’s most popular local restaurants and attractions.

Little Bay Landing includes four 3-bedroom / 2.5-bath units and twenty 2-bedroom / 1.5-bath units, for a total of 56 bedrooms and approximately 30,824 square feet of livable space. Each unit is individually metered and offers a full kitchen, living room, dining area, laundry room, plenty of storage space, and a private outdoor patio, perfectly suited for short- or long-term rentals.

The property’s centerpiece is a resort-style heated pool and pool house, added during renovation to provide year-round enjoyment for residents and guests. Additional features include a complete security system, ample parking, and a professional online presence with a dedicated website, active social media platforms, and a digital marketing team recently put in place to drive occupancy.

Strong local demand and flexible leasing potential offer significant cash flow and appreciation upside. With every detail completed and the infrastructure established, the developers are ready to pass this exceptional project to an investor seeking a luxury, income-producing property in one of the Gulf Coast’s most desirable areas.

Investment highlights

General Facts/Features

  • 24 keys/units

  • 56 bedrooms

  • 50 parking spaces

  • All units are Individually metered

  • Security system in place

  • Four units are 3-bed, 2-bath, 1,736 square feet each

  • Twenty units are 2-bed, 1.5-bath, 1,194 square feet each

  • 30,824 square feet total rentable space

  • Lot size - 73,543 square feet / 1.69 acres

  • 284 feet of HWY 35 frontage giving high visibility and direct access to nearby HEB, Wal-Mart, and popular local and national restaurants

  • Recent mechanical and building renovation efforts ensure low CAP-EX in near future

    • Roof replaced in 2018 (windstorm)

    • Windows, doors, exterior siding 2021 (windstorm)

    • Pool house 2023 (windstorm)

Interior Features

  • Fully updated interior from studs, including HVAC, electric, plumbing, all fixtures, sheetrock, paint, tile floor throughout, countertops, cabinets, full kitchen and bath

  • Luxury finishes throughout are evident - open bar seating, soft-close cabinets, stainless appliances, upgraded flooring, finishes, and paint, the list goes on

  • 18 units are fully furnished for Short Term Rentals, others available for Long Term tenants (current plan is to furnish them when lease expires for STR)

  • All units have full kitchen and large living area

    • Kitchens include refrigerator, dishwasher, disposal, cooktop, oven, and pantry

  • All units have a half bath downstairs convenient for guests

  • All units have Inside utility room with washer/dryer

  • Oversized primary bedroom in 3-bedroom units

  • Plenty of storage and closet space for short and extended stay guests

Exterior Features

  • Private patio off each unit looking towards the pool

  • Furnished units include high quality exterior bar table and seating with plenty of room to grill/entertain

  • Two private entries - one from parking and one from pool area

Common Area features

  • Large resort style pool - heated, large kids play area, surrounded by palms and landscaping that maintain privacy from pool and from private patios

  • Large pool house with covered patio - room to entertain large groups - outdoor furniture and televisions

  • Green space for dog walking

  • Potential to add pickleball court on site

Listing Contacts

DN
TX 0747730, 747730
Coldwell Banker Pacesetter Steel Realtors Corpus Christi
Listed by Coldwell Banker Pacesetter Steel Realtors Corpus Christi

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Additional Information

Name
Doug Nichols
License
0747730
Brokerage
Coldwell Banker Pacesetter STeel
Brokerage Phone
361-739-2251
Title
Real Estate Broker
Brokerage Address
5034 Holly Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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