8767 Tx-34Quinlan, TX 75474

For Sale
$499,000

Lakefront Marina & RV Park - High Potential

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a thriving, established lakeside business in Quinlan, Texas. Located on 6 acres (ground lease with 10 years remaining), Walnut Cove Marina boasts a diverse revenue stream encompassing a marina store with fuel tanks, 30 rentable dry boat slips, and 9 RV spaces (4 with full hookups, 5 with water/electric). The property includes 8 buildings, notably a 3-bedroom, 2-bathroom mobile home with stunning lake views, and 3 additional rental mobile homes currently leased. Currently operating at 50% occupancy with 6 tenants, this multi-tenant business offers significant upside potential for growth and expansion. The existing infrastructure and established clientele provide a solid foundation for a new owner to build upon. The unique ground lease structure eliminates annual property taxes, offering a significant financial advantage. This turnkey operation has been successfully managed for 42 years, demonstrating its resilience and profitability. The property's park-like setting and tranquil location create a desirable environment for both residents and visitors. This is a rare opportunity to acquire a well-established, income-generating business with substantial growth potential in a highly sought-after lakeside location. The asking price is $499,000. Serious inquiries only, scheduled showings required.

Highlights

  • Thriving lakeside business in Quinlan, TX, on a 6-acre ground lease (10 years remaining), asking $499,000.
  • Walnut Cove Marina features a marina store with fuel tanks, 30 dry boat slips, and 9 RV spaces (4 full hookup, 5 water/electric).
  • Includes 8 buildings, including a 3/2 mobile home with lake views and 3 additional leased mobile homes.
  • Currently 50% occupied with 6 tenants, offering significant upside potential.
  • Turnkey operation with 42 years of successful management, eliminating annual property taxes due to ground lease.

Property Details for 8767 Tx-34

Property type
Retirement homes, Other retail properties
Buildings
8
Lot Size (sq. ft)
261,360 SF

Location Insight

City
Quinlan
County
Hunt
State
Texas
Latitude
32.9090925
Longitude
-96.1276068
8767 Tx-34, Quinlan, Texas

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8767 Tx-34
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