Current Use by Public Records
- Specialty properties
Property Details for 139 Pr 1537 Rd
- Lot size
- 75.00 lot acres
- Property type
- Specialty properties
- Property subtype
- Marinas
Description
This exceptional 75-acre Texas RV resort presents a lucrative investment opportunity. Currently featuring 45 developed sites with chip seal roads, two cabins, a paved boat launch, and a 600-foot fishing dock situated on 10.55 acres with 1500 feet of Lake Bridgeport frontage, this established business boasts a strong pro-forma NOI of $681,948 and an 11.56% cap rate. The property, located at 139 Pr 1537 Road, Bridgeport, TX 76246, is part of a larger five-phase development plan, with Phase 2 currently under construction. The asking price is $5,900,000, representing a price per unit of $125,531.91. This turnkey operation offers stunning lake views and a variety of amenities, including nature trails, making it an ideal destination for outdoor enthusiasts. The resort has been operating successfully for over 70 years, providing a strong foundation for continued growth and profitability. The gross lease structure and multi-tenancy provide a diversified income stream. Detailed financial information is available upon request. This is a rare chance to acquire a well-established, high-performing RV resort in a desirable Texas location.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Wise
- State
- Texas
- Longitude
- -97.8456
- Latitude
- 33.2585
