40 County Road 267 - Commercial LAND FOR SALE


Somerville, TX 77879 322,344 SF
$2,000,000 USD
713-452-4254
40 County Road 267, Somerville, TX for Sale
$2,000,000 USD
Commercial LAND - FOR SALE
1/38
322,344 SF

40 County Road 267
Somerville, TX 77879


HIGHLIGHTS

  • College Station MSA
  • City Water and Sewer
  • Below Market Rents
  • Electric Expense Recapture

OVERVIEW

Marcus & Millichap is pleased to present Rolling By The Dozen RV Park, a 51 space RV Park located in Snook, Texas. The property is conveniently situated just off FM 60, only 12 miles from Texas A&M University, and only a 30 minute drive from Brenham, Texas. Rolling By The Dozen is being offered at an 8.86 percent capitalization rate with an estimated net operating income of $177,128. The park features 51 RV spaces, including 12 covered sites, along with a laundry facility with four washers and four dryers, shower and restroom facilities, a recreation room, a playground, a dog park, and a fishing pond. Additionally, there is an apartment on-site that is currently rented out for $1,250 a month. The property historically maintains an average annual occupancy of 80 percent. Current rental rates are $475 per month for standard sites and $625 a month for covered sites. Other parks in the area charge between $505-$625 plus electric for standard sites. See rent comparables on pages 17 and 18. The park is connected to city water and sewer services. Electricity is submetered and billed back to tenants with 100 percent recapture. Water, sewer, and trash services are included in the monthly rate. On site daily operations are handled by park host in exchange for free rent of a regular site. Please do not visit the property without prior approval. All tours must be arranged through Marcus & Millichap listing agents.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/ACRE

$270,270/AC

PRICE/SF

$6 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Rolling By The Dozen RV Park

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Manufactured Homes/Mobile Home Park

LAND ACRES

7.4 AC

LAND SF

322,344 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Streets

ZONING

-

APN/PARCEL ID

39540

ASK ABOUT THIS PROPERTY

Myles NagyMarcus & MillichapMore Info
713-452-4254

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Myles NagyMarcus & MillichapMore Info
713-452-4254

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.