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33310599
33234772

37 Mazatlan Dr, Rockport, TX 78382 For Sale

LP
TX TX 319336
Cravey Real Estate Services Inc
Cravey Real Estate Services Inc
Listed by Cravey Real Estate Services Inc
Unpriced
47 days on market
Updated 30 days ago

Key Allegro Marina

Details
Property Type Special Purpose
Sub Type Marina
Square Footage 6,900
Tenancy Vacant
Year Renovated 2012
Buildings 3
Acreage 1.650
Zoning B-1
Investment Type Redevelopment
Ground Lease No
Sale Condition Distressed

Historic Marina Redevelopment Opportunity

Marketing description

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.

Investment highlights

  • Historic marina property serving the Key Allegro community since 1965
  • Located within the prestigious Key Allegro waterfront development with more than 800 homes and condominiums
  • Approximately 1.65-acre waterfront site with direct access to Aransas Bay
  • Fully designed and permitted for reconstruction of a historic 159-slip marina
  • U.S. Army Corps of Engineers permit in place authorizing marina reconstruction
  • Approximately 5.07 acres of submerged land under long-term lease with the Aransas County Navigation District
  • 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
  • Complete dock construction, utility, electrical and plumbing plans included in the offering
  • Architectural and construction plans completed for a new restaurant, ship store and liquor store
  • Existing marina buildings remain on-site and provide redevelopment or operational flexibility
  • Fuel infrastructure in place with approximately 8,000-gallon combined diesel and gasoline capacity
  • Historically operated as a full-service marina with fuel dock, restaurant, ship store and yacht brokerage
  • Former host site of the prestigious Rockport Offshore Challenge fishing tournament
  • Exceptional value-add and redevelopment opportunity in one of the Texas Gulf Coast's most established boating communities

Listing Contacts

LP
TX TX 319336
Cravey Real Estate Services Inc
Cravey Real Estate Services Inc
Listed by Cravey Real Estate Services Inc

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Additional Information

Name
Lynann Pinkham
License
TX 319336
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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