431 Hcr 2105th N Loop Whitney, TX 76692-5087

Property Details for 431 Hcr 2105th N Loop

Lot size

2.42 lot acres

Property type

Commercial real estate

APN

451831

APU

451831

Description

This exceptional investment opportunity presents a newly developed, 60-space RV park ideally located near scenic Lake Whitney in Hill County, Texas. Boasting a prime location at 431 HCR 2105 Loop N, Whitney, TX 76692, this 9.32-acre property offers a fully operational business with significant upside potential. Built in 2023, the park features 60 full-hookup RV sites equipped with 30 & 50 AMP power service, individually metered, and situated on crushed rock surfaces. Wastewater management is handled by an aerobic septic system, while municipal water provides reliable service. The park currently commands competitive rental rates: $450 per month (plus electricity) for monthly rentals, $175 per week for weekly rentals, and $40 per night for nightly rentals. As of June 24, 2024, the park enjoys a strong occupancy rate with 23 monthly renters, a number that has steadily increased since its November 2023 opening. The property's Class B designation and current performance indicate a robust return on investment. This turnkey operation presents a rare chance to acquire a thriving business in a desirable location, ready to generate immediate income and benefit from future growth in the area. The asking price is $1,600,000, representing a price per unit of $26,666.67.