6811 County Road 203 Liverpool, TX 77577
- Mobile home & RV parks
- 30,000 SF
- 10.00 lot acres
Current Use by Public Records
- Lutes' Marine Services / Marina
- shallowaterbayadventures.com / Fishing Charter
Property Details for 6811 County Road 203
- Lot size
- 10.00 lot acres
- Property size
- 30,000 SF
- Property type
- Mobile home & RV parks
- Property subtype
- Campgrounds
Description
Exceptional investment opportunity: Lute's Marine & RV Park, a 10-acre waterfront property in Liverpool, Texas (Brazoria County, zip 77577), is for sale for $2,180,000. This multi-revenue stream business boasts approximately 1,000 feet of prime Chocolate Bayou waterfront, offering unparalleled access to the Gulf of Mexico. The property includes a marina with boat slips, an RV park with 117 units and 10 pads (currently 50% occupied), a store and bait shop, and additional rental units. The existing Net Operating Income (NOI) is $137,000, with a pro-forma NOI of $370,000, representing a significant value-add opportunity. The current cap rate is 6.28%, projected to increase to 16.97% with improvements. The total square footage is between 30,000 and 34,000 square feet, with 7,500 square feet of net rentable space. The property's land value is estimated at $90,000 per acre. Seller financing options are available. This property presents a unique chance to acquire a well-established business with substantial upside potential in a desirable waterfront location, minutes from Houston and Galveston. The RV park features 30/50 amp hookups. The store and bait shop cater to both residents and visitors, enhancing the overall revenue streams. The property offers a blend of recreational amenities and income-generating assets, creating a compelling investment proposition.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Liverpool
- County
- Brazoria
- State
- Texas
- Longitude
- -95.2371
- Latitude
- 29.2487
