19230 Morris Ave - Summer Getaway + RV Park
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
19230 Morris Ave - Summer Getaway + RV Park
200 SF Specialty Building Offered at £5,554,850 at a 4.46% Net Initial Yield in Manvel, TX 77578
INVESTMENT HIGHLIGHTS
- Room for expansion with space for an additional 32 RV lots, offering an increase in gross revenue of $211,200/year, minimum.
- 52 RV lots maintaining an 90% - 95% occupancy offering a steady stream of income. Each lot is priced at a competitive $550 base rent.
- Over $200K+ of FF&E included with the sale of the business and property
- Excellent access, frontage and visibility along State Highway 6.
- Summer getaway offering high cash flow | $11 admission access to lake
- Popular local attraction with an average of 3,529 guests per month (March through September).
EXECUTIVE SUMMARY
This presents a rare opportunity to acquire thriving, income-producing commercial property in the rapidly developing area of Manvel, Texas. This 35.951-acre property is strategically located off Highway 6, offering exceptional visibility and high-traffic access. The property features a highly successful water park, attracting an average of 3,529 monthly guests during the peak season (March through September) and generating substantial revenue.
In addition to the water park, the property includes an RV resort with 52 RV lots, maintaining a 90% occupancy rate and an average annual gross income of $310,200. With the potential to expand by an additional 32 lots, this property offers significant room for growth and increased cash flow.
Guests enjoy a variety of recreational activities, including swimming, and scuba diving classes, making the resort a popular destination for both tourists and locals alike. This property provides a unique opportunity for investors to capitalize on the booming tourism market and expanding development in Manvel.
Don’t miss out on this high-potential, income-generating property in one of the fastest-growing areas of Texas.
Make us an offer!
In addition to the water park, the property includes an RV resort with 52 RV lots, maintaining a 90% occupancy rate and an average annual gross income of $310,200. With the potential to expand by an additional 32 lots, this property offers significant room for growth and increased cash flow.
Guests enjoy a variety of recreational activities, including swimming, and scuba diving classes, making the resort a popular destination for both tourists and locals alike. This property provides a unique opportunity for investors to capitalize on the booming tourism market and expanding development in Manvel.
Don’t miss out on this high-potential, income-generating property in one of the fastest-growing areas of Texas.
Make us an offer!
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | £5,554,850 | Building Class | C |
| Price Per SF | £27,774 | Lot Size | 35.95 AC |
| Sale Type | Investment | Building Size | 200 SF |
| Net Initial Yield | 4.46% | Number of Floors | 1 |
| Property Type | Specialty | Year Built | 2001 |
| Property Subtype | Trailer/Camper Park |
| Price | £5,554,850 |
| Price Per SF | £27,774 |
| Sale Type | Investment |
| Net Initial Yield | 4.46% |
| Property Type | Specialty |
| Property Subtype | Trailer/Camper Park |
| Building Class | C |
| Lot Size | 35.95 AC |
| Building Size | 200 SF |
| Number of Floors | 1 |
| Year Built | 2001 |
AMENITIES
- Signage
1 of 1
PROPERTY TAXES
| Parcel Number | 6398-0424-140 | Improvements Assessment | £349,003 (2023) |
| Land Assessment | £666,566 (2023) | Total Assessment | £1,015,569 (2023) |
PROPERTY TAXES
Parcel Number
6398-0424-140
Land Assessment
£666,566 (2023)
Improvements Assessment
£349,003 (2023)
Total Assessment
£1,015,569 (2023)
1 of 13
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
19230 Morris Ave - Summer Getaway + RV Park
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.