RV Park/Campground Details
- Purchase Method: Cash, New Loan
- Cap Rate: 5.2%
- Listing ID: 3567806
- Posted On: Aug 23, 2023
- Updated On: Sep 25, 2023
Description
Nestled along Interstate 20, this strategically located RV park has excellent accessibility and presents an opportunity to capitalize on the rapidly growing tourism and hospitality industry in Tyler, Texas.
With an impressive 46 spacious RV spots and 70% vacancy rate, this RV park offers a tremendous potential for income generation. Imagine the possibilities of transforming this already successful venture into a profitable asset, attracting visitors seeking the perfect blend of comfort, convenience, and adventure.
The RV park sits on 4.5 acres, but sale includes an additional 6 acres for long-term growth and expansion. The property can accommodate RVs up to 70ft. Other features include: 30/50 amp, full hookups at all sites, padded & gravel sites, pull thrus, showers, restrooms, laundry facility, 3500 sqft. main facility, and outdoor common areas.
Location
Located just off interstate 20 next to the city of Lindale, TX.
Amenities
- Laundromat
- Club House
- Manager Office
- Store
Park Information
Number of RV Lots: | 46 |
Average RV Lot Rent: | $500 |
Size: | 10.5 acre(s) |
Financial Information (Actual)
Gross Income: | $264,065 |
Operating Expense: | $103,614 |
Net Operating Income: | $160,451 |
Expense Ratio: | 39.2 % |
Utility Information
Water: | City |
Sewer: | Septic |