423 TX-114 - Specialty FOR SALE


Megargel, TX 76370
$499,000 USD
281-377-4618
423 TX-114, Megargel, TX for Sale
$499,000 USD
Specialty - FOR SALE
1/13
null | 11.41% Cap Rate

423 TX-114
Megargel, TX 76370


OVERVIEW

- RV Spots: 30-amp @ $400/month 50-amp @ $450/month - 7 Park-Owned RVs Included in Sale: 2 rents @ $700/month 5 rents @ $750/month - All utilities included in rents On-Site Laundry Facility – Tenants pay $35/month High Occupancy with Long-term tenants - Expansion Opportunities Vacant land for future development Add RV spaces, mobile homes, cabins, storage units, or 18-wheeler parking Advertise the Restaurant and RV spaces - Established Restaurant On-Site: Currently Owner Operated Manager and Employees willing to stay on with new owners Open only Wed–Sun Strong local following & reputation for great food Previously leased at $1,800/month Growth potential: expand hours, catering, events, or delivery - Living in Megargel, TX is a unique experience. The town is small but full of charm and character; it has a rural atmosphere with lots of friendly people and beautiful scenery. There are plenty of outdoor activities to enjoy, such as fishing, hiking, biking, and more. The community is close-knit and supportive; locals often come together to host various events throughout the year. Despite its size, Megargel has several shops and restaurants that offer delicious local cuisine. All in all, living in Megargel is an enjoyable experience for those who appreciate the slower pace of life that comes from living in a small town. Medium-size metro area set in the plains and rolling hills of Texas. Primary industries include military and manufacturing. - Located in northern Texas, 115 miles northwest of Dallas and 120 miles south of Oklahoma City, Oklahoma.

FOR SALE DETAILS

PRICE

$499,000 USD

PRICE/SF

$168 USD /SF

CAP RATE

11.41%

% LEASED

100%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kenna Ranch RV Park and Restaurant

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

-

APN/PARCEL ID

10400-00300-00400-000000

ASK ABOUT THIS PROPERTY

Billi DavisIRE InvestmentMore Info
281-377-4618

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Billi DavisIRE InvestmentMore Info
281-377-4618

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