FOR SALE Acres - Tortuga Harbor Development

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1 Tortuga Harbor development site FOR SALE LOCATION: Tortuga Harbor Development Site, with frontage on Hwy 361 and approximately 800 along the Packery Channel; Site is located just off intersection of Park Rd 22 State Hwy 361 North Padre Island, Corpus Christi, TX SIZE: /- Acres PRICE: Seller looking for well-capitalized developers to submit offers ZONED: CR-2, Resort Commercial District, Barrier Island Business COMMENTS: - Corp of Engineering Permit in place for marina development - Located a little over 1/2 mile from the Schlitterbahn Waterpark - Located less than 1 mile from the Gulf of Mexico - Some zoning restrictions apply (i.e., 44 Units MAX/Acre) - Wonderful, conceptual development plan for a marina near Corpus Christi! Contact:

2 PROPERTY DESCRIPTION: This Acre Development Site, with frontage on both Hwy 361 and approximately 800 along the Packery Channel, Tortuga Harbor s location allows easy access to other nearby amenities including an Arnold Palmer Signature golf course, off-shore fishing and diving. Home to the 6th largest port in the United States, this area has also been recognized as America s Birdiest City. Carefree coastal resort communities are in demand for the area and Tortuga Harbor offers the conceptual opportunity for any developer to build a top-notch marina at it s finest within a mile from the Gulf of Mexico and less than 1/2 mile from the Schlitterbahn Waterpark. Surrounding neighbors are upscale residential homes to the east and commercial development to the west to include: hotels, souvenir shops, retail centers and professional offices. With a good local economy, development-ready benefits, and opportunity knocking -- now is the time to request a complete developer s packet and to submit your purchase price proposal for this unique opportunity. THE OFFERING: The owners of the acres known as Tortuga Harbor development, located on north Padre Island, within the city limits of Corpus Christi are seeking quality-oriented, well-capitalized developers to submit purchase proposals. This offering is being made without an asking price. All interested parties are encouraged to contact the listing brokers who will share pertinent information about the local economy, recent developments, pending developments, comparable sales information and information available about the property. TERMS: All interested parties should consider the following terms: A considerable amount of time and money have been invested in a suitable development for this site; A Corp of Engineering permit has been secured for the development of a marina at this site which has an expiration date; and Sellers are motivated to move the property so a development can occur.

3 Hw y3 61 The proximity of this tract, with development on three sides and State Hwy 361 on the other, means there are city utilities very close to the property and consequently that off site development costs would be minimal.

4 THE MARKET The Aransas Princess Nestled on tranquil Mustang Island in the Gulf of Mexico, Aransas Princess, with its 28 beachfront condominiums, is the crown jewel land-mark on the Texas Riviera. Cinnamon Shores Gulf Shores Port Royal La Mirage Beach Closest Condos to the Beach! Gulf Shores Condominiums is a beachside family vacation resort. Enjoy soothing sounds of surf and seagulls from the 27 wide oceanfront balconies! THE GULF OF MEXICO A Simpler Way of Life, Cinnamon Shores is a pedestrian-friendly planned community on Mustang Island, nestled behind 300 of protective dunes. It has 300 homes and Town Center Residences, as well as a retail plaza boasting additional restaurants, shops and a spa. Port Royal Ocean Resort, the Premier Port Aransas Beach Resort, features 210 Beachfront condos set on a 25 acre enclave wrapping around four lagoon pools with stepped waterfalls, water-slides and an olympic size heated lap pool. La Mirage Condominiums is ideally located on the beach and is your vacation paradise. Located just 5 minutes from Port Aransas and 25 minutes from downtown Corpus Christi, La Mirage offers a three-story building built around a beautiful courtyard; 1-3 bedroom condos ( SF).

5 44.92 Acres Survey - Tortuga Harbor Development THE GULF OF MEXICO

6 Padre Island - Corpus Christi has a year-round residential population of more than 10,000 and on the other end of the island, Port Aransas has another 4,000 permanent residents. Both areas have seen rapid growth in the past five years. Vacationers and long-term visitors enhance those average year-round total populations even higher. North Padre Island serves as the primary coastal/beach destination for much of Central Texas. It is 150 miles from San Antonio (MSA population of 1,830,000) and 200 miles from Austin (MSA population of 1,407,000). The population within 250 miles includes Houston with a population in excess of 10.6 million. The Corpus Christi MSA population is 431,000. Schlitterbahn Water Park Development Acres of developable land with +/-800 ft of Packery Chanel frontage el hann ery C Pack Gulf of Mexico

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