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2928 Fm 2668 Nichols Rd
Bay City, TX 77414
Asking Price
$1.64M
Asset Type
Commercial Land
Class
Class B
What's Special
21.84 Acres of Commercial Development Potential or RV Park Expansion <ul><li><strong style="color: rgba(31, 31, 31, 1)">Unrestricted ETJ Zoning - </strong><span style="color: rgba(31, 31, 31, 1)">Located within Bay City’s Extraterritorial Jurisdiction, the property is free from zoning and development restrictions, allowing for a wide range of uses with minimal entitlement risk. </span></li></ul><p></p><ul><li><strong style="color: rgba(31, 31, 31, 1)">Energy Sector Growth Drives Housing Demand</strong><span style="color: rgba(31, 31, 31, 1)"> - The Bay City and
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NOI
$80,000
Cap Rate
4.88%
DSCR
0.82
Underwater
Cash-on-Cash
-3.51%
Monthly Payment
$8,103.93
Annual Cash Flow
$-17,247.163
