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RV Park

White's RV Park

153 County Road 249-J, Seminole, TX 79360

Listing Price: $625,000

Cap Rate
13.58%
Number of Spaces
26
Lot Size
2.00 acres
Occupancy
77.0%
Price/Space
$24,038
Spaces/Acre
13.00
Year Built
2010

Investment Overview

Whites RV Park is a 26 site RV Park Located in Seminole, Texas. The RV park is perfectly located in the west border of Texas and east border of New Mexico. The RV Park has an onsite laundry facility with spacious and clean lots. In addition, the park boasts of several carports. The 26 sites are comprised of 21 RV lot rentals, 3 park models, 1 park model that is used as a laundry facility, and 1 park-owned mobile home. The park operates on two wells for water and four septic sewer tanks. The RV park currently pays for all utility costs.
The property is located 0.5 miles from U.S. Route 62 – a major east–west United States Highway in the southern and northeastern United States. It runs from the Mexican border at El Paso, Texas, to Niagara Falls, New York, near the Canadian border. It is the only east–west United States Numbered Highway that connects Mexico and Canada. Just outside the property, U.S. Route 62 sees over 7,800 vehicles a day.
With it’s close proximity to Hobbs, New Mexico, the property benefits from the opportunities in both Hobbs, NM and Seminole, TX. Major employers in the area include Haliburton, Lea Regional Medical Center, and Patternson-UTI Drilling Co. ShaleXP reports that Lea County is ranked #1 nationally in overall oil and gas production and #1 statewide in overall production. They account for over 50% of oil production in New Mexico and 38% of gas production in New Mexico. Seminole is a top producer of cotton, peanuts, and oil in the state of Texas.

Investment Highlights

  • Offered at Day One Cap Rate of 13.58%
  • 11 Miles from Lea County Regional Airport - Less than 100 Miles from Midland International Airport
  • Manager Willing to Stay Onboard for New Ownership
  • Less than 1 Mile from U.S Route 62 - The Only East-West U.S Numbered Highway That Connects Mexico and Canada

Exclusively Listed By

Financing By

Listing Price: $625,000

Cap Rate
13.58%
Number of Spaces
26
Lot Size
2.00 acres
Occupancy
77.0%
Price/Space
$24,038
Spaces/Acre
13.00
Year Built
2010

Investment Highlights

  • Offered at Day One Cap Rate of 13.58%
  • 11 Miles from Lea County Regional Airport - Less than 100 Miles from Midland International Airport
  • Manager Willing to Stay Onboard for New Ownership
  • Less than 1 Mile from U.S Route 62 - The Only East-West U.S Numbered Highway That Connects Mexico and Canada

Investment Overview

Whites RV Park is a 26 site RV Park Located in Seminole, Texas. The RV park is perfectly located in the west border of Texas and east border of New Mexico. The RV Park has an onsite laundry facility with spacious and clean lots. In addition, the park boasts of several carports. The 26 sites are comprised of 21 RV lot rentals, 3 park models, 1 park model that is used as a laundry facility, and 1 park-owned mobile home. The park operates on two wells for water and four septic sewer tanks. The RV park currently pays for all utility costs. The property is located 0.5 miles from U.S. Route 62 – a major east–west United States Highway in the southern and northeastern United States. It runs from the Mexican border at El Paso, Texas, to Niagara Falls, New York, near the Canadian border. It is the only east–west United States Numbered Highway that connects Mexico and Canada. Just outside the property, U.S. Route 62 sees over 7,800 vehicles a day. With it’s close proximity to Hobbs, New Mexico, the property benefits from the opportunities in both Hobbs, NM and Seminole, TX. Major employers in the area include Haliburton, Lea Regional Medical Center, and Patternson-UTI Drilling Co. ShaleXP reports that Lea County is ranked #1 nationally in overall oil and gas production and #1 statewide in overall production. They account for over 50% of oil production in New Mexico and 38% of gas production in New Mexico. Seminole is a top producer of cotton, peanuts, and oil in the state of Texas.

Exclusively Listed By

Financing By

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