Foreclosure - Waterfront
Address
136 W Cotter Avenue Port Aransas, TX
Price
$ 7,500,000
Property Attributes
  • MLS#6448600
  • TypeBackup
  • CountyNUECES
  • CityPort Aransas
  • AreaOut of Area
  • Zip78373
  • StyleRetail
  • Year Built1980
  • Taxes$ 288
  • Price$ 7,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5533
  • Lot Size1.59 Acres
Listing Provided Courtesy Of:
Gottesman Residential R.E.
Data Source:
Austin Board of REALTORS® (ABOR) - 105 - TX
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***

Price History
1/20/2021 Listed $7,500,000

General Features

Accessibility None
Additional Parcels Description PERSONAL PROPERTY LOC 132 W COTTER PORT ARANSAS MDSE F&F M&E
Building Features SeeRemarks
Business Type BarTavernLounge
City Port Aransas
Construction Materials HardiPlankType
County Nueces
Current Use Retail
Days on Market 130
Directions Take I-37 South to South Padre Island Drive/ Park Road 22 in Corpus Christi. Follow TX-361 North to West Cotter Avenue in Port Aransas. Turn left on West Cotter Avenue and the property is on the right
Disclosures None
Flooring Wood
Heating Central
Leasable Area 5533.0
Lease Type GroundLease, SeeRemarks
MLS Area Out of Area
Net Operating Income 97626.0
New Construction No
Operatingexpense 818144.0
Possession ClosingFunding
Property Sub Type Additional MixedUse
Property SubType Retail
Property Type CommercialSale
PropertyCondition Resale
Restrictions BuildingRestrictions, ZoningRestrictions
Sewer PublicSewer
Special Listing Conditions RealEstateOwned
Standard Status ActiveUnderContract
Status ActiveUnderContract
Street Name Cotter
Subdivision Name n/a
Tax Year 2020
TaxAssessedValue 17000
Terms Cash, Conventional
Utilities CableAvailable, ElectricityConnected, HighSpeedInternetAvailable, SewerConnected, WaterConnected
View Water
Year Built 1980
Yearbuiltsource PublicRecords
Zoning C-2
Zoning Description C-2

Interior Features

Air Conditioning Y/N Yes
Street Suffix Avenue

Exterior Features

Building Area Total 5533.0
Horse Y/N Yes
Lot Size Acres 1.59
Lot Size Area 1.59
Lot Size Source Appraiser
Number of Buildings 3
Other Equipment FuelTanks
Parking Features AdditionalParking, Concrete, ParkingLot
View Y/N Yes
Water Source Public
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Backup Average in 78373

Price
AVG $7.5M
$7.5M
Taxes
AVG $288
$288
Visits
AVG 158
157
Year Built
AVG 1980
1980
Walkscore
AVG 61
61
Data Provided by Walkscore ® not using MLS data

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