RV Park/Campground Details

Purchase Method: Cash, New Loan
Cap Rate: 11.5%
Listing ID: 1565565
Posted On: Nov 30, 2021
Updated On: Mar 6, 2022

Description

75.45-acre level vacant site (8 tracts) for up to +/- 314-unit RV and tiny home lots. Property is located in an unincorporated area with no zoning. Proposed amenities include a welcome center, a +/- 4,500 SF clubhouse, a heated in-ground swimming pool, pickle-ball courts, playgrounds, a dog park, pavilion, fire-pits, walking paths, laundry and restroom / shower facilities. The site features a large 4-acre pond as well as a smaller pond, which is a built-in amenity. Proposed sites are 40 feet X 80 feet, with a large concrete pad. A portion of the site is located within a flood zone. Ideal location in the Greater Austin Area in the town of Manor and within walking distance to the Banner Distilling Company. The property’s location in Travis County and in Manor offers a quiet getaway destination within close proximity to Austin. Projected Cap rate of 9% Don’t miss the opportunity to capitalize on the rapidly expanding Campgrounds and RV Parks industry – perfect for a Glamping experience location.

Location

The Greater Austin Central Business District is located 30 minutes from the property. The subject is on the edge of Texas Hill Country. The Texas Hill Country is home to numerous nearby lakes, rivers, and waterways, including Lady Bird Lake and Lake Austin, and Lake Travis (45 minutes). The property is similar proximity to the Colorado River, Barton Springs, McKinney Falls, and Lake Walter E. Long. From the subject property, travel times to three of the nation's 10 largest cities are: Houston (2 hours 30 minutes), San Antonio (1 hour 45 minutes) and Dallas (3 hours). Laredo, major port of entry from Mexico is four hours away. State highway 130 access, one of several recently completed roadway improvement is 19 minutes from the subject and connects to I-35 north of Georgetown and to I-10 east of San
Antonio; and access to State Hwy 290 East is 11 minutes from the subject property. Sites for SXSW, Austin City Limits and Circuit of the Americas are within 30 minutes from the property.