Mixed Use Property on Bolivar Peninsula

Vacant Land for Sale
Catylist Listing ID: 30650985
Property Subtypes: Agricultural, Mobile Home Park, Office, Residential (Single Family), Retail, Self Storage, Other
Gross Land Area: 15.88 Acres
Sale Price: $99,900
Unit Price: $6,290 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/12/2020

Overview / Comments

Mixed use property consisting of almost 16 acres with 1 commercial tract on SH 87 at Canal Drive, 8 residential lots and 85 lots as designated Wetlands or Open Water. Property is less than ½ mile from the Gulf of Mexico and is located on the Gulf Intracoastal Waterway. Property consists of a total of 94 lots in the Caplen Yacht Basin platted subdivision near Gilchrist in Galveston County, Texas.

Additional Details

Nearest MSA: Houston-The Woodlands-Sugar Land
County: Galveston
Tax ID/APN: 173888
Largest Nearby Street: State Highway 87
Feet of Frontage: 351
Highway Access: State Highway 87 frontage
Site Description: Property includes one commercial lot on State Hwy 87 and 14.22 acres of designated wetlands, ideal for developers seeking mitigation credits.
Part of Planned Development?: Yes
Development Name: Caplen Yacht Basin Subdivision
In Flood Plain?: Yes
Available Utilities: Electric, Water, Sewer

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Photograph of Listing Agent

Charles E Cammack

Landcap Advisors, LLC STCAR CIE Member
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