811 Countryview Trl Princeton, TX 75407

Exceptional investment opportunity: a thriving 59-unit RV park and storage business on 38.397 acres in Princeton, Texas, is available for $6,900,000. This Class B property boasts 326,700 square feet, with a price per square foot of $21.12 and a 6.00% cap rate. Currently operating at 100% occupancy, the property offers significant income potential. The park itself is meticulously maintained and backs directly onto Lake Lavon and Corps of Engineers land, providing stunning lake views and approximately 1133 feet of lake frontage. Access to the lake's shoreline and walking trails is included. An additional 30+ acres are available for commercial or residential development, presenting a unique opportunity for expansion or diversification. The property is unzoned, located outside city limits, eliminating city taxes. Existing infrastructure includes aerobic septic systems, power, and a recently installed 8' water line. The seller indicates that connecting to nearby sewer development may be feasible, potentially allowing for high-density, multi-story development. The property also features approximately 479 feet of road frontage on Hawthorne Drive, with pipe fencing and a well-maintained entry drive. An additional 1-acre parcel may be available for purchase. This property benefits from its location in Collin County, Texas, specifically Princeton, recently named one of America's fastest-growing cities. The surrounding area is experiencing significant new construction, further enhancing the property's value and potential. Lake Lavon offers a variety of recreational activities, including fishing, boating, swimming, and picnicking. This is a turnkey business with substantial development potential in a rapidly growing market. A 1031 exchange is permitted.