139 Pr 1537 RdDecatur, TX 76246

For Sale
$5,900,000

Texas Lakeside RV Park Investment

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 75-acre Texas RV resort presents a lucrative investment opportunity. Currently featuring 45 developed sites with chip seal roads, two cabins, a paved boat launch, and a 600-foot fishing dock situated on 10.55 acres with 1500 feet of Lake Bridgeport frontage, this established business boasts a strong pro-forma NOI of $681,948 and an 11.56% cap rate. The property, located at 139 Pr 1537 Road, Bridgeport, TX 76246, is part of a larger five-phase development plan, with Phase 2 currently under construction. The asking price is $5,900,000, representing a price per unit of $125,531.91. This turnkey operation offers stunning lake views and a variety of amenities, including nature trails, making it an ideal destination for outdoor enthusiasts. The resort has been operating successfully for over 70 years, providing a strong foundation for continued growth and profitability. The gross lease structure and multi-tenancy provide a diversified income stream. Detailed financial information is available upon request. This is a rare chance to acquire a well-established, high-performing RV resort in a desirable Texas location.

Highlights

  • High-demand location with strong tenant base.
  • Significant upside potential through lease-up or rent increases.
  • Well-maintained building with modern amenities.
  • Attractive cap rate in a stable market.
  • Excellent access to major transportation arteries.

Property Details for 139 Pr 1537 Rd

Property type
Other specialty properties, Marinas
Lot Size (sq. ft)
3,267,000 SF
Units
47

Location Insight

City
Decatur
County
Wise
State
Texas
Latitude
33.258474
Longitude
-97.845644
139 Pr 1537 Rd, Decatur, Texas

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139 Pr 1537 Rd
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