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Discover the unique opportunity to own G&K RV Park, a well-established recreational vehicle park nestled on an expansive 8.12-acre lot near picturesque Lake Monticello in Mount Pleasant, TX. This commercial property is now available for sale, presenting an ideal investment with excellent income potential and room for expansion. G&K RV Park features 16 fully-equipped RV spaces, each outfitted with 30 amp, 50 amp, and a 110 outlet, and individually metered for electricity, allowing for the recovery of energy costs directly from tenants. This setup ensures optimal convenience for both property management and park residents. With a stable base of long-term renters, who have consistently chosen G&K as their preferred dwelling, the park maintains high occupancy rates, a testament to its desirability and operational efficiency. On-site, a useful laundry facility and a shop with a durable concrete floor benefit all residents, enhancing the functionality of the park. Included in the sale is a 2004 Grand Teton Fifth Wheel, offering additional rental income through its premium accommodation option. Strategically positioned, this property not only provides immediate revenue through its current operations but also offers potential for growth with an additional 2.5 acres for expansion. New owners have the option to add additional RV spaces or utilize undeveloped land to add property amenities or tiny homes. This area is situated conveniently close to the $130 million dollar listing of Lake Monticello. This RV Park will be a highly desired retreat for visitors desiring to draw close to this lake and the upcoming development to come in this area. Capitalize on this exceptional offering where peaceful seclusion meets lucrative business opportunity in the charming town of Mt. Pleasant, just two hours from Dallas. Act now to secure G&K RV Park, where potential meets profitability in a serene setting. *OM with financials available upon request. Property has a 8.73% CAP RATE.
| DAYS ON MARKET | 60 | LAST UPDATED | 7/10/2024 |
|---|---|---|---|
| YEAR BUILT | 2020 | COUNTY | Titus |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| CONSTRUCTION | Aluminum Siding, Vinyl Siding |
|---|---|
| LOT | 8.12 acre(s) |
| LOT DIMENSIONS | 351,707.20 SQ FT |
| SEWER | Septic Tank |
| VIEW | Yes |
| VIEW DESCRIPTION | Water |
| ZONING | Commercial |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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Listed with Jennifer Hageman, Texas Ally Real Estate Group
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