Great investment property for a possible hotel. Located less than a mile from the Causeway entrance to the Island. Property is made up of 3 lots in total of 3.47 Acres. Lot 1: 0.54 AC, Lot 2A: 1.18 AC, and Lot 4: 1.75 AC. Denny's Restaurant sits on Lot 1 and a vacant structure sits on Lot 2A, with paved parking . Lot 4 is a vacant lot with all utilities to curb. Land will only be sold "all together" and must be sold with a "lease back" to Denny's for 5,000sf.
Listing Provided Byminimize
Market Value Per Appraisal District
Cost/sqft based on Market Value
|Tax Year||Cost/sqft||Market Value||Change||Tax Assessment||Change|
2021 Cameron County Appraisal District Tax Value
|Market Land Value:||$1,598,772|
|Market Improvement Value:||$0|
|Total Market Value:||$1,598,772|
2021 Tax Rates
|POINT ISABEL ISD:||1.0090 %|
|SOUTH TEXAS ISD:||0.0492 %|
|TOWN OF S PADRE ISLAND:||0.3137 %|
|CAMERON COUNTY:||0.4369 %|
|LAGUNA MADRE WATER DISTRICT:||0.0382 %|
|TX SOUTHMOST COLLEGE DIST:||0.1546 %|
|Total Tax Rate:||2.0017 %|
|Estimated Monthly Principal & Interest (Based on the calculation below)||$ 21,006|
|Estimated Monthly Property Tax (Based on Tax Assessment 2021)||$ 2,667|
|Home Owners Insurance||Get a Quote|
School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.
Schools (provided by Listing Agent)
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1212 Padre, South Padre Island, TX 78597 Directions
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1212 Padre South Padre Island TX 78597 is listed for sale for $5,500,000. It is a 3.47 Acre(s) Lot, in Miramar & Sand Piles.
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