101 Rockport StMathis, TX 78368

Property Details for 101 Rockport St

Year built

1983

Lot size

0.16 AC

Property size (Sq ft)

5,824 SF

Property type

Commercial real estate

APN

0839-0016-0001-000

APU

83900160001000

Description

This exceptional 5,824 square foot commercial property located at 101 E Rockport, Mathis, TX, presents a unique opportunity for a discerning investor or business owner. Situated on a 0.16-acre lot, the building has undergone a complete renovation, featuring a new roof and mansards. The interior has been gutted, providing a blank canvas for your vision. Its versatile design allows for a wide range of uses, making it ideal for various commercial ventures. The property's strategic location offers convenient access to the lake, downtown Mathis, and local shopping areas, ensuring high visibility and accessibility for your business. The motivated seller is eager to find the right buyer, making this an attractive investment opportunity with significant upside potential. The asking price is $130,000. This property is ready for immediate occupancy and offers the chance to create a thriving business in a desirable location. Don't miss this chance to transform this renovated space into your dream commercial enterprise. Act quickly to secure this exceptional property.

• CAP approach

  CAP return

  Valuation

  6%

  $893,832

  6.5%

  $825,076

  7%

  $766,142

• Comparable approach

  Method

  Valuation

  Relative Method

  $510,905

  Geo Method

  $1,323,620

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,622,130

  Retail / Commercial

  $832,262

  Mixed-Use / Specialty

  $829,643

  Hospitality / Lodging

  $609,135

  Office

  $825,076

  Institutional / Educational

  $862,618

  Residential Income

  $1,009,260

  Multifamily

  $1,208,530

  Automotive / Energy

  $739,387

  Parking / Income-Based Land

  $254,810

  Restaurant / Food Service

  $432,246

  Healthcare / Senior Housing

  $850,426

Location Insight

City

Mathis

County

San Patricio

State

Texas

Latitude

28.0948

Longitude

-97.8269

CBSA code

18580

CBSA name

CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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