Contact Information

Carrie Sieger

JTACR Real Estate Group

CONTACT BROKER

Price: Call for Price
Purchase Method: Cash, New Loan
Cap Rate: 12.3% (Actual)
Listing ID: 6823320
Posted On: Feb 12, 2025
Updated On: Feb 12, 2025

Description

JTACR Real Estate Group is pleased to present Midland Basin RV Park: a family owned and operated community in the hub of
Midland, TX.
The community serves a long-term customer base of workers, is serviced by private water and sewer, has 3+ years
of stable income, and is currently 100% occupied!

Current ownership lives on site and are hands on operators of the business. Ownership has spent the last 5 years building a
loyal customer base with strong reviews.
The community is outside of city limits but in extremely close proximity which contributes to the strong occupancy. Additionally, traffic on Midkiff Rd averages 6,000 cars per day, which is another
contributing factor to the strong occupancy.
This opportunity is an ideal purchase for a buyer looking for a proven business, in a strong location, offering immediate cash flow based on the going in cap rate of 12.4%

Location

Although the area already enjoys sustained economic success, there are many plans for continued growth. These plans and initiatives reflect Midland's proactive approach to managing
growth, enhancing infrastructure, and improving the quality of life for its residents as the city progresses into 2025 and beyond.

• The Midland Master Plan 2025 serves as a comprehensive guide for the city's development, addressing land use, transportation, housing, and community facilities. This plan emphasizes coordination with neighboring cities and state agencies to ensure cohesive regional development.
• In October 2023, the Midland Development Corporation (MDC) finalized a partnership with Parkhill, Smith & Cooper to develop a comprehensive Downtown Master Plan. This plan focuses on revitalizing downtown Midland by enhancing public spaces, improving signage, beautifying alleys, and addressing parking
challenges to create a more vibrant urban core.
• Midland County has developed a Master Thoroughfare Plan to outline future roadway developments, aiming to improve transportation infrastructure and accommodate anticipated growth. This plan serves as a blueprint for future roadways, enhancing connectivity within the county.
• The City of Midland's Capital Improvement Plan (CIP) for 2025-2030 outlines planned infrastructure projects, including transportation, utilities, parks, and public facilities. The CIP aligns with the city's Master Plan and other planning documents to ensure strategic development and resource allocation.
• Midland is experiencing significant population growth, with projections estimating an increase from approximately 134,000 residents to 236,500 by 2025, and reaching 280,800 by 2030. This surge necessitates the development of around 16,000 new homes to accommodate the expanding population.
• The Permian Basin Regional Planning Commission (PBRPC) provides planning and development services for the West Texas region, including Midland. Their efforts contribute to regional strategies that address economic development, infrastructure, and community services.