Photo of RV Park/Campground

RV Park/Campground Details

Purchase Method: Cash, New Loan
Cap Rate: 10.0%
Listing ID: 555726
Posted On: Aug 27, 2015
Updated On: Nov 10, 2017

Description

Great location 1\2 mile from the bay along State Highway 188. 40 rv sites, 10 cabins, and 3 other rental units. Constructed in 2007. Concrete pads and roads. 30 to 50 amp service, rec room, laundry facilities, numerous large oak trees, 9 acres of excess land with lots of large oak trees and good frontage along Hwy 188. Great upside with rental increases and park expansion.

Location

Rockport is a major winter Texan and vacation destination. The area is also experiencing high demand for housing from construction workers who are working on over 32 billion in industrial projects to the south in Portland and Ingleside. Construction is expected to continue for the next 7 years.