RV Park/Campground Details
- Purchase Method: Cash, New Loan
- Cap Rate: 7.0%
- Listing ID: 1286735
- Posted On: Jul 12, 2020
- Updated On: May 12, 2021
Description
coalmineranchrvpark.com New RV Park with a water park and huge growth potential. 1800 feet of frontage on state Hwy 31. The RV Park has 60 full hook up sites. All can be for permanent RV' ers, but we see this park as a destination so we reserve many for the weekenders. The park has full time income with 29 long term contracts. During winter months the park has more permanent residents. But summers are all about the water park. People come from far away to relax and play in the water.
The property has a Clubhouse with three full family bathrooms and showers, and one half bath. (ADA compliant) The clubhouse includes a laundry and a party room. Upstairs is a two bedroom apartment/rental space. A 14 by 50 back porch is perfect for parties year round.
There is a large play area off the clubhouse with horse shoe and a pay structure. A volley ball court is off the water park. The water park is a money maker, built for the youngsters with an aquatic playground; including 5 slides and dump buckets in 12 inches of water. There is a small area for infants in 3 inches of water. The pool has a concession stand that generates good money (cash). The water park is open to the public and offers a party venue. This summer every Friday, Saturday, and Sunday had a private party at the pool.
A 1200 square foot registration building was built with a store in mind. As the property grows, a full line of products can be sold.
The park sits on 20 acres but is part of 67 acres. The park has its own water well on site. It was designed for growth and was specked from TCEQ for 135 total sites and a larger water park. There is a lot of growth potential. Three phase Electrical was brought in from the state highway and runs to the back of the current park, but designed for the future growth of the park.
All the sites and buildings are on aerobic plants. Electricity is the only utility purchased.
Location
The area is between two larger cities and surrounded by many medium size towns. 1800 feet of frontage on State Hwy 31, between Athens and Malakoff Texas. Corsicana is 40 minutes to the west and Tyler is 40 minutes to the east. Palestine is 40 minutes south and Canton to the north. Athens, Mabank, Brownsboro, and many more are less than 30 minutes away.
Amenities
- Laundromat
- Pool
- Club House
- Storage
- Manager Office
- Bathhouse
- Store
- Wifi
Park Information
Number of RV Lots: | 60 |
Year Built: | 2019 |
Average RV Lot Rent: | $475 |
Size: | 67.0 acre(s) |
Financial Information (Pro Forma)
Gross Income: | $350,000 |
Operating Expense: | $150,000 |
Net Operating Income: | $200,000 |
Expense Ratio: | 42.9 % |
Debt Info: | Bank loan |
Utility Information
Water: | Well |
Sewer: | Septic |