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RV Park

Beachfront RV Park & Resort

750 Bluewater Hwy, Surfside Beach, TX 77541

Listing Price: Request For Offer

Lot Size
5.53 acres
Occupancy
35.0%
Year Built
2008

Investment Overview

Marcus & Millichap is pleased to present Beachfront RV Resort. The offering includes a 50-site RV resort, 3 potential Airbnb units (a duplex and a luxury main house), a golf cart rental operation, a bar and upscale casual dining restaurant (both the building and the business), and a currently unused commercial space in disrepair. The various components are situated on two parcels totaling 5.53 acres. Seller-Financing may be available for qualified
investors.

The real property/RV operation has a projected NOI of $327,046 derived from RV site rent and golf cart/beach toy rentals. The restaurant is projected to gross $1,614,637 with a NOI of $235,678. The projected Airbnb revenue is estimated to be $101,841. The entire investment is projected to net $664,565.

The resort currently divides RV rates between summer and winter months. During the summer (April through September), no monthly RV reservations are currently allowed, and guests can rent sites for $110 or $120 for 30-amp and 50-amp sites, respectively. Additionally, each site has the ability to extend to 110 amperage service. There are two sites (39 and 58) that command greater rates of $125 and $135 for 30-amp service and 50-amp service, respectively. During the winter months (October through March), rates are dropped to $82 and $92 for 30-amp and 50-amp service, respectively. Monthly reservations are currently accepted during the winter from October to February at a rate of $600 per month. The sites are large enough to accommodate any size RV and
approximately half have pull-thru capabilities. The property features public utilities, and these monthly guests are also responsible for their own electric usage (sub-metered) at .13 cents per kwh. The community appears to have been built in 2008, so the utility infrastructure should be consistent with other systems built in that time frame. Buyer to inspect the utility infrastructure at their own expense during the inspection period confirm the utility
infrastructure materials and overall health of the various systems.

There is tremendous opportunity in increasing RV revenue and potentially exploring a park model operation to expand the planned Airbnb program at the property. Other communities in the area regularly out-perform the subject property in RV operations due to the lack of advertising, which an investor could improve upon. The resort is also one of the highest rates RV resorts in the area on both google, yelp, and trip advisor. The commercial building near the entrance to the property could also be restored and converted into a proper convenience store to generate additional revenue. Please note that completely rebuilding would subject the structure to current laws and regulations. The second parcel that abuts the main parcel to the northeast currently has the inoperable commercial building, the parking for the restaurant, and the duplex units (2). Beyond repairing or rebuilding the commercial building, there is also an opportunity to regulate the parking area. The parking is necessary to accommodate restaurant goers that are not staying on-site, which is most of them, but others currently use the lot to park and go to the beach. Regulating this would free up parking for the restaurant while generating an additional revenue stream.

Investment Highlights

  • Beachfront 50-Site RV Resort
  • Huge Potential for Airbnb Operation Comprised of 1 Luxury Home & 1 Duplex with 2-Units that are currently being repaired and restored
  • Bar & Upscale Beachfront Restaurant
  • City Water
  • Bar & Restaurant on City Sewer / RV Park & Duplex Septic - Served

Exclusively Listed By

Financing By

RV Park

Beachfront RV Park & Resort

Listing Price: Request For Offer

Lot Size
5.53 acres
Occupancy
35.0%
Year Built
2008

Investment Highlights

  • Beachfront 50-Site RV Resort
  • Huge Potential for Airbnb Operation Comprised of 1 Luxury Home & 1 Duplex with 2-Units that are currently being repaired and restored
  • Bar & Upscale Beachfront Restaurant
  • City Water
  • Bar & Restaurant on City Sewer / RV Park & Duplex Septic - Served

Investment Overview

Marcus & Millichap is pleased to present Beachfront RV Resort. The offering includes a 50-site RV resort, 3 potential Airbnb units (a duplex and a luxury main house), a golf cart rental operation, a bar and upscale casual dining restaurant (both the building and the business), and a currently unused commercial space in disrepair. The various components are situated on two parcels totaling 5.53 acres. Seller-Financing may be available for qualified investors. The real property/RV operation has a projected NOI of $327,046 derived from RV site rent and golf cart/beach toy rentals. The restaurant is projected to gross $1,614,637 with a NOI of $235,678. The projected Airbnb revenue is estimated to be $101,841. The entire investment is projected to net $664,565. The resort currently divides RV rates between summer and winter months. During the summer (April through September), no monthly RV reservations are currently allowed, and guests can rent sites for $110 or $120 for 30-amp and 50-amp sites, respectively. Additionally, each site has the ability to extend to 110 amperage service. There are two sites (39 and 58) that command greater rates of $125 and $135 for 30-amp service and 50-amp service, respectively. During the winter months (October through March), rates are dropped to $82 and $92 for 30-amp and 50-amp service, respectively. Monthly reservations are currently accepted during the winter from October to February at a rate of $600 per month. The sites are large enough to accommodate any size RV and approximately half have pull-thru capabilities. The property features public utilities, and these monthly guests are also responsible for their own electric usage (sub-metered) at .13 cents per kwh. The community appears to have been built in 2008, so the utility infrastructure should be consistent with other systems built in that time frame. Buyer to inspect the utility infrastructure at their own expense during the inspection period confirm the utility infrastructure materials and overall health of the various systems. There is tremendous opportunity in increasing RV revenue and potentially exploring a park model operation to expand the planned Airbnb program at the property. Other communities in the area regularly out-perform the subject property in RV operations due to the lack of advertising, which an investor could improve upon. The resort is also one of the highest rates RV resorts in the area on both google, yelp, and trip advisor. The commercial building near the entrance to the property could also be restored and converted into a proper convenience store to generate additional revenue. Please note that completely rebuilding would subject the structure to current laws and regulations. The second parcel that abuts the main parcel to the northeast currently has the inoperable commercial building, the parking for the restaurant, and the duplex units (2). Beyond repairing or rebuilding the commercial building, there is also an opportunity to regulate the parking area. The parking is necessary to accommodate restaurant goers that are not staying on-site, which is most of them, but others currently use the lot to park and go to the beach. Regulating this would free up parking for the restaurant while generating an additional revenue stream.

Exclusively Listed By

Financing By

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