Hot Listing

Priced below $1.3M Tax appraisal/Multifamily adaptive Reuse conversion

Asking Price$595,000

Gross Revenue
Not Disclosed

Net Operating IncomeNot Disclosed

FF&ENot Disclosed

Building Sq. Ft.Not Disclosed

Price per Sq. Ft.Not Disclosed

listing imageSave
Hot Listing

Priced below $1.3M Tax appraisal/Multifamily adaptive Reuse conversion


Asking Price$595,000

Gross Revenue
Not Disclosed

Net Operating IncomeNot Disclosed

FF&ENot Disclosed

Building Sq. Ft.Not Disclosed

Price per Sq. Ft.Not Disclosed


Seller Financing Available
Property Description
INVESTOR INBOUND BRIEF: ADAPTIVE REUSE INFRASTRUCTURE SITE (OFF-MARKET ASSET SALE)
ASSET VALUATION & NOTE MATRIX
Target Asset Valuation Price: $595,000.
The Valuation Moat: This strategic off-market investment sits heavily discounted over $700,000 directly underneath the official Matagorda County Appraisal District public tax assessment base of $1,300,000! Buyers are capturing massive built-in equity on day one, where the raw land value alone completely asset-insulates the transaction.
Flexible Capital Stack Options: Title is held 100% clear and unencumbered. Selling principal maintains sovereign authority to provide flexible, customized seller-carried financing notes (including negotiable interest-only runways and custom maturity horizons) to fully optimize a purchasing sponsor group's internal rate of return (IRR).

The Active Utility Moat (CapEx Protection): The site features fully active, heavy commercial utility hookups built directly across the entire 2.80 net acres layout (121,968 total square feet). Includes main commercial sewer/septic lines, high-volume city water loops, and established high-capacity electrical drops. This engineering core allows a development group to completely bypass expensive municipal raw-land trenching delays, cutting standard project development timelines by over 80% completely free of charge.
The Structural Grid: 46 independent room units constructed with isolated bathroom plumbing columns, dedicated electrical feeds, and independent HVAC sleeves

RE-DEVELOPMENT & SITE CONVERSION OPTIONS
Vector A: Multifamily / Workforce Micro-Housing Conversion
The pre-existing interior/exterior room architecture provides an exceptional foundation for high-yield adaptive reuse. Individual bathroom plumbing and electrical columns allow development groups to drop in compact micro-apartment kitchenette modules for a fraction of the cost of a traditional ground-up construction build, maximizing future Net Operating Income (NOI). Ideally configured for affordable housing, corporate lodging, or workforce shelter allocation models.
Vector B: RV Park / Luxury Glamping Destination Site
The level concrete and asphalt foundation paired with active high-capacity water, waste, and power infrastructure provides a premier turn-key baseline for an RV park conversion. Developers can clear surface elements and anchor high-margin RV pads directly over the pre-existing mechanical utility tie-ins, saving months of civic excavation costs and raw-dirt utility delays.
On-Site Administrative & Residential Assets: Includes a separate, detached 2,500 sq. ft. residential structure featuring 3 bedrooms and 2 bathrooms. This layout is perfectly configured to serve as a master corporate leasing office, an on-site development headquarters, or premium manager living quarters during the project stabilization phase.
SOVEREIGN LEGAL NOTE DISCLAIMER & TERMS VERIFICATION
This document is compiled strictly for preliminary illustrative and informational purposes to assist prospective purchasing entities in organizing their initial Letter of Intent (LOI) frameworks. It does not constitute a formal binding loan commitment, a legal extension of credit, or certified financial brokerage representation. Seller and Broker explicitly make zero contractual warranties, promises, or absolute guarantees regarding municipal zoning variances, local permit approvals, future utility capacity limits, or final conversion project compliance. Asset liquidated strictly on an "As-Is, Where-Is, with All Faults" basis. All terms, down-payment cushions, and interest parameters are completely non-binding until finalized via formal corporate closing execution. Buyer is mandated to perform 100% independent financial, architectural, andtax due diligence.
About the Property
Type
Multi-Family
Building Status
Established
Facilities & Assets
* LAND BOUNDARY: 2.80 Net Acres of flat, rectangular highway-adjacent real estate footprint encompassing a massive 121,968 total square feet of level development land with direct city ingress/egress channels active.
* FIXED STRUCTURES: 46 independent Unit structural columns constructed with isolated plumbing layouts, dedicated electrical meters, and individual HVAC sleeves. Includes a separate, detached 2,500 sq. ft. administrative residential structure (3 BR / 2 BA) suitable for a corporate leasing office or on-site development headquarters.
* UTILITY INFRASTRUCTURE: Fully active, high-capacity commercial utility hookups built directly across the entire plot. Includes main commercial sewer/septic lines, high-volume city water loops, and heavy-duty electrical drops.
* CONDITION STATUS: Offered strictly on an "As-Is, Where-Is, with All Faults" basis, perfectly configured for an immediate Multifamily Adaptive Reuse Conversion or turn-key RV Park layout.
Current and Prior Use
currently motel rooms
About the Sale
Furniture, Fixings and Equipment
Included in Asking Price
Financing
25 to 30% down, 20 to 30 years amortized
Listing Info
ID:
2508305
Listing Views:
202
Attached DocumentsAttachment Disclaimer

FLYER 4.pdf

Business Location

Contact Seller

By clicking the button, you agree to BizQuest's Terms of Use and Privacy Notice.

Property Listed by: Jigar Sandesara

Listing ID: 2508305 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.