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Shark Reef Resort 314 Cut Off Rd

52 Room Hotel Port Aransas, TX 78373 £5,477,150 (£105,330/Room)

Investment Highlights

  • 52 updated rooms with remodeled interiors, modern furniture, and kitchenettes in select units.
  • Leased retail space on-site, offering an additional income stream.
  • Recent mechanical systems, windows, and a recently replaced roof ensure low maintenance for years to come.
  • 6 standalone cottages, perfect for extended stays or family getaways.
  • 2-bedroom on-site condo, ideal for owner-operators or converting into additional rental space.
  • Recently updated pool and a relaxing hot tub for guest enjoyment.

Executive Summary

Seize the chance to own an iconic and well-established motel in the heart of downtown Port Aransas. Nestled on just under 2 acres of prime land along Cut Off Road, Shark Reef Resort offers unmatched potential for continued success or expansion. This turnkey property includes 52 well-maintained rooms, 6 charming cottages, and a leased retail space, offering diverse revenue streams. Sitting on nearly 2 acres of prime real estate along the Cutoff Road, this property offers endless possibilities for creative expansion. The current configuration includes a spacious lounge area that could easily be transformed into a breakfast café, wine tasting room, or other unique guest experiences. Imagination is your only limit!

Attachments

314 Cut-Off Rd

Property Facts

Price £5,477,150
Price Per Room £105,330
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 1.94 AC
Building Size 28,365 SF
No. Rooms 52
Number of Floors 1
Year Built/Renovated 1966/1986
Parking Ratio 3.84/1,000 SF
Corridor Exterior

Amenities

  • Pool

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 52 £66.51 -

zoning

Zoning Code C-2
C-2
  • Listing ID: 33674518

  • Date on Market: 29/10/2024

  • Last Updated:

  • Address: 314 Cut Off Rd, Port Aransas, TX 78373

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