Iconic Waterfront (ICW) Property for Sale

704 S Seventh St Port O'Connor, TX 77982

704 S Seventh St, Port O'Connor, TX, 77982
704 S Seventh St, Port O'Connor, TX, 77982 704 S Seventh St, Port O'Connor, TX, 77982
FOR SALE
Property Type:
Marinas
Amount:
$4,300,000
Last Verified:
Sep 12, 2022

One of Port O'Connor's iconic Coastal Inn, Marina and Bait Shop properties located on the Gulf Intra Coastal Waterway of Matagorda Bay. This approx. 4.79 acre property includes 2 recently remodeled Coastal Inn buildings, a Bait Shop/Marina, and a former restaurant. The turn-key Coastal Inn has 21 rooms, a front office and 23 existing boat slips. The Marina/Bait Shop has 29 existing boat slips and a boat ramp. With the Powderhorn Wildlife Management Area (WMA) (approx. 15,000 acres) and future Powderhorn State Park (approx. 2,200 acres) entrances located about two miles (and one mile as the crow flies) from the iconic property, these are sure to be economic drivers for this area as they each roll out independently of each other in the months and years to come.

Map of 704 S Seventh St, Port O'Connor, TX, 77982

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.