Port Aransas, TX 78373,136 W Cotter Ave

$7,500,000

Est. payment /mo
Est.Price: ?

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136 W Cotter Ave Port Aransas, TX 78373

5,533 SqFt

SOLD DATE : 12/29/2021

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 5,533 sqft

Price per Sqft $1,219

MLS Listing ID 6448600

Sold Date 12/29/21

Originating Board actris

Year Built 1980

Tax Year 2020

Lot Size 1.588 Acres

Property Description

This 'Port A' landmark site has been home to the legendary Woody's Sports Center for more than 50 years, surrounded by tourist destinations including Fisherman's Wharf, Trout Street Restaurant and Coast House Luxury Condominiums. The Back Porch Bar (lessee) has been serving "beach bums to billionaires" cold drinks and entertainment for nearly two decades, while Harbor Lights Grill (lessee) serves delicious coastal bites from a window inside Woody's next door. The property is Zoned C-2 which is the most favorable zoning you can have in the area, allowing for mixed use, retail, multi-family and restaurant/bars among many other uses. In addition to the property, you also will get the water rights for the Marina and fuel dock. There is a 35-foot height restriction which allows a 3-story development and you are allowed to build out over the water if desired. A historic coastal building is required as well. With 20 million people within driving distance, Port Aransas has long been one of the top tourism markets in the United States. In 2020 Port Aransas became one of the top three vacation rental destinations on Airbnb. In recent years notable upscale communities like Cinnamon Shores, the Moorings at Mustang Beach, and Palmilla Beach Resort have been developed to meet the growing demand for tourism. PROPERTY HIGHLIGHTS: 1.588-acres upland / 225 feet of direct water frontage along the Harbor and Turtle Cove / 0.713 acres of submerged land with Littoral Rights permitted by the Dept. of the Army / Prime location in the heart of 'Port A' tourism / IMPROVEMENTS: 2,884 sqft retail building / 1,742 sqft bait house / 907 sqft bar & covered area / Fully leased 30-boat slip marina, piers, and fuel dock
***Co-Listed with Keith McMullin, Broker - Port Aransas Realty***

Location

State TX

County Nueces

Zoning C-2

Interior

Heating Central

Cooling Central Air

Flooring Wood, See Remarks

Fireplace N

Exterior

Utilities Available Electricity Connected, High Speed Internet, Sewer Connected, Water Connected

View Water, See Remarks

Accessibility None

Total Parking Spaces 35

Building

Sewer Public Sewer

Water Public

Structure Type HardiPlank Type

New Construction No

Others

Restrictions Building Style,Zoning

Acceptable Financing Cash, Conventional

Tax Rate 1.7

Listing Terms Cash, Conventional

Special Listing Condition Real Estate Owned

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Listed by Gottesman Residential R.E. • Alaina Martin
Bought with Non Member
agent

Kris Calder

Advisor | License ID: 0628924

+1(512) 426-0614

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