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RV Park

Center RV Park

181 TX-500 Loop, Center, TX 75935

Listing Price: $1,200,000

Cap Rate
8.00%
Number of Spaces
69
Lot Size
12.00 acres
Occupancy
13.0%
Price/Space
$17,391
Spaces/Acre
5.75
Year Built
2010

Investment Overview

Marcus & Millichap is pleased to present Center RV Park a 69-space RV park in Center, Texas. The Park is located just off State Highway 7 East. It is conveniently located less than two miles away from the largest employer in Center, Tyson Food Inc. This property is a strong value-add opportunity with a lot of upside for new owner. Electricity is submetered, but is currently included in rent. This provides an opportunity for upside, by recapturing the cost of electricity. Currently the park is not being advertised sufficiently. The buyer can increase marketing to fill up vacancies. There are currently six mobile home units at the park. Two of them have recently been renovated and one needs to be demolished. The park has limited financials and is being offered at $17,391 per space. The park will be granted an easement through the retail business to access the park.

Investment Highlights

  • Value-Add Opportunity
  • Opportunity To Bill Back Electricity
  • Opportunity To Add MH or RV Spaces
  • Paved Roads
  • 69 Spaces
  • $17,391 Per Space

Exclusively Listed By

Financing By

RV Park

Center RV Park

Listing Price: $1,200,000

Cap Rate
8.00%
Number of Spaces
69
Lot Size
12.00 acres
Occupancy
13.0%
Price/Space
$17,391
Spaces/Acre
5.75
Year Built
2010

Investment Highlights

  • Value-Add Opportunity
  • Opportunity To Bill Back Electricity
  • Opportunity To Add MH or RV Spaces
  • Paved Roads
  • 69 Spaces
  • $17,391 Per Space

Investment Overview

Marcus & Millichap is pleased to present Center RV Park a 69-space RV park in Center, Texas. The Park is located just off State Highway 7 East. It is conveniently located less than two miles away from the largest employer in Center, Tyson Food Inc. This property is a strong value-add opportunity with a lot of upside for new owner. Electricity is submetered, but is currently included in rent. This provides an opportunity for upside, by recapturing the cost of electricity. Currently the park is not being advertised sufficiently. The buyer can increase marketing to fill up vacancies. There are currently six mobile home units at the park. Two of them have recently been renovated and one needs to be demolished. The park has limited financials and is being offered at $17,391 per space. The park will be granted an easement through the retail business to access the park.

Exclusively Listed By

Financing By

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