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RV Park/Campground Details

  • Price: $6,750,000
  • Property ID: 1156357
  • Posted On: Nov 14, 2019
  • Updated On: Nov 14, 2019

Property Description

HIGHLIGHTS
The Beachfront Deck Bar & Grill is visited by more than 500 people per day during the high season.
The restaurant features both indoor and outdoor seating on the top deck with beatiful ocean views.
Property features an RV resort, golf cart rental, 3 story personal dwelling at the center of the property and a newly constructed restaurant
INVESTMENT SUMMARY
The property presents a unique opportunity of 4.84 oceanfront acres in Surfside Beach with direct beach access, with the benefit of income streams from an RV Park, a rental home, and a restaurant.
Approximately 4,300 square feet of living area in house, not including existing decks, approximately 6,450 square feet of conditioned space of restaurant/bar area, not including decks, with dedicated ample parking area, 50 existing RV Park sites and supporting facilities (30 amp / 50 amp electrical connections, water, and sewer), 21 beach capable golf carts and supporting facilities.
In addition, this property hosts a 3-story personal dwelling at the center of the property and a newly constructed restaurant on 4.85 acres of beachfront property with a walk-over constructed for beach access over the dune line. The 3-story private dwelling consists of 4 bedrooms, all with personal master bathrooms (2 with Jacuzzi tubs) , 3 - 1/2 bathrooms, complete kitchen on the second and third floor, media room which doubles as an office on the third floor, private elevator from garage to both floors above, and a observatory on the top - 4th floor for an unequaled view of the entire island.
The restaurant features both indoor and outdoor seating on the top deck. Inside seating of 150, and outdoor seating on the newly added beach-front open deck of 120. The restaurant features a full bar on the top level entrance, full commercial kitchen, and restroom facilities on both top an bottom levels. The bottom level boasts a life-size chess board, corn hole, washer stations, covered pavilion for picnic seating that doubles as a craw-fish boiling area during its respective season, and two natural gas, glass fire pits. During the two "on" seasons (May-August 2017 and March-August 2018), the restaurant has run $1.5 million in total sales, $560,000 from the RV park, and another $80,000 from golf cart rentals.
THE OFFERING
Price $6,750,000 Building Size 211,266 SF
Sale Type Investment No. Stories 3
Property Type Specialty Year Built 2017
Building Class B APN / Parcel ID 6200-0000-017
Lot Size 4.85 AC
Listing ID: 16409798 Date Created: 6/21/2019 Last Updated: 11/7/2019
ABOUT 750 BLUEWATER HWY , SURFSIDE BEACH, TX 77541
This property hosts an RV resort, golf cart rental, 3 story personal dwelling at the center of the property and a newly constructed restaurant on 4.85 acres of beachfront property with a walk-over constructed for beach access over the dune line. The RV park consists of 50 sites (30 amp / 50 amp electrical connections, water, and sewer). The 3 story private dwelling consists of 4 bedrooms, all with personal master bathrooms (2 with Jacuzzi tubs) , 3 - 1/2 bathrooms, complete kitchen on the second and third floor, media room which doubles as an office on the third floor, private elevator from garage to both floors above, and a observatory on the top - 4th floor for an unequaled view of the entire island. Inside seating of 150, and outdoor seating on the newly added beach-front open deck of 120. The restaurant features a full bar on the top level entrance, full commercial kitchen, and restroom facilities on both top an bottom levels. The bottom level boasts a life size chess board, corn hole / washer stations, covered pavilion for picnic seating that doubles as a craw-fish boiling area during its respective season, and two natural gas, glass fire pits. During the two "on" seasons (may-august 2017 and march-august 2018) the restaurant has ran $1.5 million in total sales, $560,000 from the RV park, and another $80,000 from golf cart rentals.

FINANCIAL SUMMARY (ACTUAL - 2018)
ANNUAL ANNUAL PER SF
Gross Rental Income $2,000,000 9.47
Other Income - -
Vacancy Loss - -
Effective Gross Income $2,000,000 9.47
Taxes $48,000 0.23
Operating Expenses - -
Total Expenses - -
Net Operating Income

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Park Information

Number of RV Lots: 50
Year Built: 2010
Average RV Lot Rent: $80
Size: 4.9 acre(s)

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