Current Use by Public Records
- Commercial real estate
Property Details for 501 B St
- Lot size
- 2.07 lot acres
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a 34-space RV park situated on a spacious 2.07-acre lot at 501 S B Street, Crane, TX. The property boasts a substantial 87,120 square feet and includes a single rental cabin and a single-wide duplex, currently generating consistent monthly income. The duplex houses two month-to-month tenants, contributing a combined $1550 in monthly rent. The average monthly rent for an RV space is approximately $500, with 85% occupancy currently achieved. The cabin and duplex maintain 100% occupancy, each commanding approximately $750 in monthly rent. All tenants are currently on month-to-month leases, offering flexibility for future management. The park is conveniently located just outside Crane city limits, providing a tranquil setting while benefiting from city water supply and a reliable septic system. All utilities—water, sewer, trash, and electricity—are provided to tenants as part of the rental agreements. This turnkey operation presents a strong cash flow potential with significant upside for growth through increased occupancy and rental rate adjustments. The property is priced at $645,000, representing a compelling investment in a thriving West Texas market. The substantial size of the property and existing infrastructure provide ample opportunity for expansion and further revenue generation.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Crane
- County
- Crane
- State
- Texas
- Longitude
- -102.471
- Latitude
- 31.4633
