Photo of RV Park/Campground
Photo of RV Park/Campground
Office Building
Office Building
RVs
RVs
Stocked 4.5 acre Pond with safety fence
Stocked 4.5 acre Pond with safety fence
Flea Market Shops
Flea Market Shops
A/C in all buildings
A/C in all buildings
Aerial View
Aerial View
Photo of RV Park/Campground
Office Building
RVs
Stocked 4.5 acre Pond with safety fence
Flea Market Shops
A/C in all buildings
Aerial View

RV Park/Campground Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 8.5%
  • Listing ID: 549316
  • Posted On: Jul 21, 2015
  • Updated On: Dec 7, 2015

Description

10 new spaces just added! Owner plans to add 25 more spaces for 100 total spaces! Incredible demand in the area is driving rents up and pre-leasing of spaces being built.

Multiple income streams and tons of room to grow! RV Park, Flea Market, rental Cabins. Property consists of two tracts: a 33.5504 acre tract & a 1.15 acre tract for a total of 34.71 acres. The property is on the West Side of Hwy - 59 and has approximately 768 feet of Hwy frontage. The Flea Market is 100% occupied by vendors. Property also includes 5 rental homes/cabins; 4 rented at $500/mth, 1 double wide mobile home being used as the Manager's residence.

9 steel buildings having various sized vendor units, that are leased on a month to month basis . Buildings consist of approx. 50,331 sf. of enclosed steel buildings and 8,790 sf of covered patio areas throughout the shopping arcade.

Located on US Hwy 59 S in Cleveland, just north of Houston and minutes from the new Grand Texas Amusement Park being built.

Owner financing with $1.2mm down and flexible terms. Owner is ready to retire, bring all offers - highly motivated!

Amenities

  • Manager Office
Interested in purchasing this RV park? Get pre-qualified for a loan.

Park Information

Number of RV Lots: 75
Year Built: 2008
Average RV Lot Rent: $375
Size: 34.0 acre(s)

Financial Information (Pro Forma)

Gross Income: $391,800
Operating Expense: $78,000
Net Operating Income: $313,800
Expense Ratio: 19.9 %

Utility Information

Water: Well
Sewer: Septic

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