905 Pelican Rd - Specialty FOR SALE


Shepherd, TX 77371
$1,450,000 USD
281-398-4588
905 Pelican Rd, Shepherd, TX for Sale
$1,450,000 USD
Specialty - FOR SALE
1/19
null | 8.55% Cap Rate

905 Pelican Rd
Shepherd, TX 77371


HIGHLIGHTS

  • 100% Occupied
  • Significant room for expansion
  • Less than a mile from U.S. Highway 59
  • Website & Camp Spot leasing software allow for easy remote-management
  • Fenced and gated with unique passcodes for each guest
  • Close proximity to Lake Livingston, Lake Conroe and the Greater Houston area

OVERVIEW

Deep Waters RV Park is a 28-site RV Park investment opportunity on 20 acres in Shepherd, Texas. This scenic RV resort is fully stabilized and ready to be expanded by a new owner. Guests of the park enjoy the strategic location which balances privacy and close proximity to the Greater Houston area, and attractions like Lake Livingston, Lake Conroe and Huntsville State Park. Additionally, guests are attracted by amenities such as 30/50 amp power, onsite dog-run, onsite laundry, excellent park-wide Wifi and two fully stocked fishing ponds with scenic fountains. Though the park is fully occupied, the website and google business page are fully interactive and use Camp Spot booking software for quick and easy booking from new guests. With an average of 4.8 stars over 23 reviews, Deep Waters RV Park is a standout option for potential guests in the area. While the existing revenue is strong, there is significant upside potential for the purchaser of Deep Waters RV Park. First and foremost, there is lots of room for additional pad sites. Currently, the existing septic system and well can support another 14 pad sites that can be located along the primary water feature. More sites can also be added around the second water feature with the installation of additional septic and water-well capacity. Another option for the expansion room are cabins that can be rented nightly, weekly or monthly. Finally, a new owner can construct canopies over existing pad sites to justify higher rates as sites become vacant and are re-rented.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$51,786 USD /SF

CAP RATE

8.55%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Deep Waters RV Park

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

20 AC

LAND SF

871,200 SF

ZONING

-

APN/PARCEL ID

114819

ASK ABOUT THIS PROPERTY

Craig RiceCSD Realty CompanyMore Info
281-398-4588

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Craig RiceCSD Realty CompanyMore Info
281-398-4588

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