RV Park/Campground Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 7.8%
- Listing ID: 2553277
- Posted On: Apr 20, 2023
- Updated On: Aug 10, 2023
Description
JTACR Real Estate Group is pleased to present Over the Hill RV Park: a 49-site community located in Paradise, TX.
The community is advantageously positioned directly off of Hwy 114, providing excellent accessibility to the entire region. In addition, the community is situated with public hookups for Water and an On Site Septic.
Current ownership features a completed Phase 1 with multiple revenue streams, as well as a site plan for an additional 55 sites for a proposed total site count of 104. This development opportunity presents investors with the chance to acquire a well-maintained community with the upside of additional sites and growth.
Location
Paradise, Texas, located in Wise County is part of DFW, the second fastest-growing metropolitan area in the nation.
DFW added more than 1.2 million residents over the last decade, growing its population by 20 percent since 2010, according to U.S.
census data.
This growth was especially pronounced in the area’s northern suburbs, with the surrounding towns growing more than the city itself.
In fact, North Dallas has seen unprecedented growth since the early 2000s, with businesses migrating to the suburbs (not downtown).
With the influx of telecom, automotive, food, finance, and media industries, thousands of employees now call North Dallas home.
Economic Indicators 2023:
DFW employment rose an annualized 3.5 percent in February.
DFW existing-home sales climbed at a double-digit pace in February. Statewide sales increased 9.9 percent.
DFW Single family permit issuance increased by 18.5 percent
RV Industry Indicators 2023:
$140 BN Industry
2023 RV shipments projected to range from 379,200 to 403,600 units
*National Average revenue growth in last two years: 55% * RVIA.org
*National Average park sale: $3,000,000 * RVIA.org
Amenities
- Laundromat
- Manager Office
- Wifi
Park Information
| Number of RV Lots: | 49 |
| Year Built: | 2020 |
| Average RV Lot Rent: | $450 |
| Size: | 21.0 acre(s) |
Utility Information
| Water: | City |
| Sewer: | Septic |
