2415 Sandra Ln Webberville, TX 78653
For Sale
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The Texas Music River Ranch (TMRR) is an intriguing property located approximately 15 miles from downtown Austin, TX (The Live Music Capital of the World). The property will be +/- 90.00 acres after the current owner surveys out a small portion for a family compound.It has riparian rights to the lazy Colorado River which borders the western side of the property. The TMRR could be developed into a gorgeous RV park overlooking the Colorado River and onsite pond. It also could be further developed into a bustling live music event center (where the foundation has already started to be laid). At only $33,333/acre there are a myriad of possibilities for a creative investor! The following items are already on site and included with the parcel: Main cabin with office (Bedroom, kitchen, laundry, back porch with stage) 32' x 32' portable stage 12' x 12' river stage One cabin (1 bed/1bath, fully functional) One cabin (ADA compliant) Over 100 campsites (primitive camping) 12 port-a-potties 4 portable handwashing stations Cottage (one bedroom, fully functional) 8 outdoor showers 4 RV hookups (full) 10 RV hookups (electrical & water only) 16' x 32' storage shed Food Trailer The park is already hosting some smaller music festivals: "Medicine for the People Festival". This is a two day festival that brings in around $15,000 annually. Approximately 700+ in attendance with three stages. "Solar Punk Festival". This is a two day festival that brings in around $8,000 annually. Approximately 500+ in attendance with two stages. "Ecstatic Forrest Festival". This is a two day festival that brings in around $15,000 annually. Approximately 700+ in attendance with multiple stages. "Sol River Jamboree". This is a two day festival that brings in around $11,000 annually. Approximately 600+ in attendance with two stages. In addition to the music festivals listed above, the property is currently generating additional income by hosting the following events: Many smaller bands/shows averaging $1,000 to $2,000 per event. Weddings (Host multiple weddings per year and average $1,000 to $2,500 per wedding) Birthday Parties (Host multiple birthday parties per year and average around $550/four hours) Hipcamp camping generates $5,000 annually (and is growing). Cabin Rentals (Cabins rent from $150 to $500/night). 4 full-hookup RV sites generate $100-150/night. 10 RV spots to rent ($75/night). Unlimited primitive camping sites ($25-100/night). VIP camping on the river (Starting at $45/person).
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Texas Music River Ranch Campground & RV Park
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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