RV Park/Campground Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.0%
- Listing ID: 1691646
- Posted On: Jun 14, 2022
- Updated On: Oct 14, 2022
Description
Newly constructed RV Park on major highway on the way to the largest lake in Texas. Bug Out RV has 48 large RV sites with full hook ups available now with room to expand to 120 total sites. Spacious access from Hwy 69 South just 6.5 miles South of Lufkin and right outside Huntington. Excellent visibility from the highway with perfect seclusion for every site. Over 16,000 vehicle per day traffic count. This park is being offered with 48 existing RV spots, with 18.68 acres undeveloped and available for future expansion. Aerobic and WIFI system already in place.
Location
From East Loop 287 in Lufkin go 6.5 miles down US Highway 69 South towards Huntington. Look for the huge American flag on the left. The concrete entrance is just past 936 Storage and the fence on the left hand side going South.
Amenities
- Laundromat
- Wifi
Park Information
Number of RV Lots: | 48 |
Year Built: | 2022 |
Average RV Lot Rent: | $354 |
Size: | 17.7 acre(s) |
Financial Information (Pro Forma)
Gross Income: | $181,475 |
Operating Expense: | $19,915 |
Net Operating Income: | $161,559 |
Expense Ratio: | 11.0 % |
Debt Info: | N/A |
Utility Information
Water: | City |
Sewer: | Treatment Plant |