Contact Information
RV Park/Campground Details
- Price: $2,800,000
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 8.0%
- Listing ID: 6717979
- Posted On: Sep 5, 2024
- Updated On: Sep 12, 2024
Description
JTACR Real Estate Group is pleased to present The Palapa RV Beach Resort: a stunning, 36-site destination community located in Gilchrist, TX, on Bolivar Peninsula on the Gulf of Mexico.
The community features concrete pads and roads, with both beach and bay side property; an adults only viewing deck; elevator access to the second floor pool deck and recently constructed palapa; public restrooms/shower; golf cart rentals; complimentary kayaks and bicycles; honor system use of the laundry and margarita machine; and the list goes on.
Advantageously positioned on TX Hwy 87, with both beach and bay side property, the location is perfect for visitors’ access to the entire area. The community has a public water provider and on-site septic system. Current ownership is on site part time and resides in the third story apartment.
Future ownership may utilize a park host as manager, rent out the third floor apartment, or utilize the space for a manager’s quarters. This well run, beautifully maintained business is an ideal purchase for someone looking for a turnkey operation with operational opportunities to add value.
Location
- Houston: 4th largest city in the United States
- Greater Houston: 7th highest metropolitan-area gross domestic product in the United States
- Port of Houston: the Largest port in the United States
- Greater Houston: home to the headquarters of 24 Fortune 500 companies, ranking third among all metropolitan statistical areas
Amenities
- Laundromat
- Pool
- Club House
- Storage
- Manager Office
- Bathhouse
- Store
- Wifi
Park Information
Number of RV Lots: | 36 |
Size: | 42.2 acre(s) |
Financial Information (Actual)
Gross Income: | $328,121 |
Operating Expense: | $109,132 |
Net Operating Income: | $218,988 |
Expense Ratio: | 33.3 % |
Utility Information
Water: | City |
Sewer: | Septic |