Contact Information

RV Park/Campground Details

  • Price: $4,000,000
  • Purchase Method: Cash, Seller Financing, New Loan
  • Property ID: 1152644
  • Posted On: Nov 4, 2019
  • Updated On: Nov 4, 2019

Property Description

JTACR is pleased to present American RV Park & Event Center for sale.

American RV Park is a 156 unit, extended stay community located on State Hwy 31, in the center of Corsicana TX.

With its convenient location and proximity to all of the Corsicana employers, its competitive amenities, and its safe, spacious environment, American RV Park has become home for its tenants.

Operating as a primarily long term stay location, the monthly spaces have consistently been the main tenant base for the last 5 years.

The property is located 59 miles south of Dallas; 5.3 miles west of Interstate 45 South; and directly off of State Hwy 31. Walmart is 0.5 miles down the road.

Current ownership is absentee. There is great upside in focusing on marketing, creating a website, and taking advantage of their wedding/event space that also comes with the property. In addition, rents have not been raised in 9 years!

Two large halls (Star Hall and Liberty Hall), one which can hold 300 people, the other 80, sit conveniently towards the front of the property for private events.

This is an opportunity to step into an investment property that holds historical presence and awareness, is conveniently located, and presents multiple upside opportunities.

Through Q3 (ending August), park NOI on Actuals 240K with Gross Income of 411.5K. Projected based on these actuals, the property is priced at a 9% cap.

Through October, Gross Income is 515K.
Park will be Grossing at least 600K by end of year.

Contact JTACR for full flyer and marketing package.

Amenities

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

Park Information

Number of RV Lots: 156
Year Built: 2000
Average RV Lot Rent: $340
Size: 16.6 acre(s)

Utility Information

Water: City
Sewer: City

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