Key Allegro Marina

Highlights:

• Historic marina property serving the Key Allegro community since 1965
• Located within the prestigious Key Allegro waterfront development with more than 800 homes and condominiums
• Approximately 1.65-acre waterfront site with direct access to Aransas Bay
• Fully designed and permitted for reconstruction of a historic 159-slip marina
• U.S. Army Corps of Engineers permit in place authorizing marina reconstruction
• Approximately 5.07 acres of submerged land under long-term lease with the Aransas County Navigation District
• Primary submerged land lease term through 2054 with option for an additional 20-year extension
• Marina basin dredged to approximately seven feet in early 2024
• Complete dock construction, utility, electrical and plumbing plans included in the offering
• Architectural and construction plans completed for a new restaurant, ship store and liquor store
• Existing marina buildings remain on-site and provide redevelopment or operational flexibility
• Fuel infrastructure in place with approximately 8,000-gallon combined diesel and gasoline capacity
• Historically operated as a full-service marina with fuel dock, restaurant, ship store and yacht brokerage
• Former host site of the prestigious Rockport Offshore Challenge fishing tournament
• Exceptional value-add and redevelopment opportunity in one of the Texas Gulf Coast's most established boating communities

Description:

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Positioned at the heart of the prestigious Key Allegro waterfront community in Rockport, Texas, Key Allegro Marina presents a rare opportunity to acquire and redevelop one of the Texas Coast's most recognizable marina properties. Serving boaters and waterfront residents since 1965, the marina historically operated as a full-service destination featuring wet slips, fuel services, a restaurant, ship store, bathhouse and yacht brokerage.

While Hurricane Harvey destroyed the marina docks in 2017 and interrupted operations, the property's future is already well-defined. The marina is fully designed and permitted for reconstruction, including authorization to rebuild its historic 159-slip configuration. Extensive planning, engineering and development work has been completed, allowing a future owner to capitalize on years of entitlement efforts and move directly toward redevelopment and operations.

Located within the 800+ home Key Allegro community and surrounded by some of the most desirable waterfront real estate on the Texas Gulf Coast, this offering combines a premier marina location with significant value-add potential. With architectural plans, utility infrastructure designs, dock construction plans and recently dredged marina waters already in place, Key Allegro Marina represents a compelling opportunity to reestablish a landmark coastal destination and create long-term value through marina, hospitality and waterfront commercial operations.

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