Skip to main content

Mobile Home Park

Marina Village Mobile Home & RV Park

229 NAS Drive, Corpus Christi, TX 78418

Listing Price: $9,250,000

Cap Rate
5.08%
Number of Spaces
246
Lot Size
57.06 acres
Occupancy
74.0%
Price/Space
$37,602
Spaces/Acre
4.31
Year Built
1966

Investment Overview

Marina Village Mobile Home and RV Park is a 246-site community located in Corpus Christi, Texas. The community consists of 90 mobile home lot rentals, four park owned mobile homes, 99 RV lot rentals and 53 vacant sites that can be utilized by mobile homes or RVs. The asset on just over 57 acres with asphalt roads and many trees throughout the park. The community also operates on city water and sewer and the utilities are paid by both the residents and the community, with exception of the trash services which is paid by the community. The amenities include a pool, club house, laundry, showers, community areas and access to the beach. The current management is also open to staying on board for the new owners. Corpus Christi, Texas offers its residents and visitors many attractions including the Texas State Aquarium, USS Lexington Aircraft Carrier Museum, Whataburger Field, and the Padre Island National Seashore. The city is also home to Texas A&M University Corpus Christi, Del Mar College and the Naval Air Station of Corpus Christi. The city is ranked the 8th most populated city in Texas and has the nation’s 3rd largest port connected highway network, and rail and air service according to BussinessinTexas.com. The major employers in Corpus Christi include Bay, Ltd., CITGO, First Data Corporation, Flint Hills Resources, HEB, Kiewit Offshore Services, Sam Kane Beef Processors and Valero Refining. Job growth is also predicted to be 25 percent over the next ten years. According to BusinessinTexas.com, more than $50 billion in new business investments have been announced between 2009 and 2019. Forbes.com has also reported that median home prices have jumped 14 percent year after year and the amount of inventory for homes has also hit a historic low of 3.4 months compared to 5.7 months last year. The community is located less than 10 minutes from the major highway State Highway 358, which runs right through the middle of the city, and is also less than 20 minutes from both State Highway 286 and Interstate 37. The Corpus Christi International Airport is also located less 20 minutes away from the community. A Walmart Supercenter is conveniently located less than 15 minutes away and the Barnes Elementary School is just 10 minutes from the community. Marina Village Mobile Home and RV Park is currently

Investment Highlights

  • Offered at Day One Cap Rate of 5.08%
  • Operates on City Water and Sewer
  • Less than 20 Minutes from Corpus Christi International Airport
  • Located Off Major Highway State Highway 358

Exclusively Listed By

Mobile Home Park

Marina Village Mobile Home & RV Park

Listing Price: $9,250,000

Cap Rate
5.08%
Number of Spaces
246
Lot Size
57.06 acres
Occupancy
74.0%
Price/Space
$37,602
Spaces/Acre
4.31
Year Built
1966

Investment Highlights

  • Offered at Day One Cap Rate of 5.08%
  • Operates on City Water and Sewer
  • Less than 20 Minutes from Corpus Christi International Airport
  • Located Off Major Highway State Highway 358

Investment Overview

Marina Village Mobile Home and RV Park is a 246-site community located in Corpus Christi, Texas. The community consists of 90 mobile home lot rentals, four park owned mobile homes, 99 RV lot rentals and 53 vacant sites that can be utilized by mobile homes or RVs. The asset on just over 57 acres with asphalt roads and many trees throughout the park. The community also operates on city water and sewer and the utilities are paid by both the residents and the community, with exception of the trash services which is paid by the community. The amenities include a pool, club house, laundry, showers, community areas and access to the beach. The current management is also open to staying on board for the new owners. Corpus Christi, Texas offers its residents and visitors many attractions including the Texas State Aquarium, USS Lexington Aircraft Carrier Museum, Whataburger Field, and the Padre Island National Seashore. The city is also home to Texas A&M University Corpus Christi, Del Mar College and the Naval Air Station of Corpus Christi. The city is ranked the 8th most populated city in Texas and has the nation’s 3rd largest port connected highway network, and rail and air service according to BussinessinTexas.com. The major employers in Corpus Christi include Bay, Ltd., CITGO, First Data Corporation, Flint Hills Resources, HEB, Kiewit Offshore Services, Sam Kane Beef Processors and Valero Refining. Job growth is also predicted to be 25 percent over the next ten years. According to BusinessinTexas.com, more than $50 billion in new business investments have been announced between 2009 and 2019. Forbes.com has also reported that median home prices have jumped 14 percent year after year and the amount of inventory for homes has also hit a historic low of 3.4 months compared to 5.7 months last year. The community is located less than 10 minutes from the major highway State Highway 358, which runs right through the middle of the city, and is also less than 20 minutes from both State Highway 286 and Interstate 37. The Corpus Christi International Airport is also located less 20 minutes away from the community. A Walmart Supercenter is conveniently located less than 15 minutes away and the Barnes Elementary School is just 10 minutes from the community. Marina Village Mobile Home and RV Park is currently

Exclusively Listed By

MM Texture Background
MM Textured Background Lower