Shark Reef Resort | 314 Cut Off Rd
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Shark Reef Resort 314 Cut Off Rd
52 Room Hotel Port Aransas, TX 78373 $7,000,000 ($134,615/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!
Property Facts
| Price | $7,000,000 | Building Size | 28,365 SF |
| Price Per Room | $134,615 | No. Rooms | 52 |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Hospitality | Year Built/Renovated | 1966/1986 |
| Property Subtype | Hotel | Parking Ratio | 3.84/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 1.94 AC |
| Price | $7,000,000 |
| Price Per Room | $134,615 |
| 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 |
| No. Stories | 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 | $85.00 | - |
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zoning
| Zoning Code | C-2 |
| C-2 |
-
James Magill -
Jorge Gonzalez V -
DH Realty Partners, Inc.
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Shark Reef Resort | 314 Cut Off Rd
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