505 County Road 7300 Lubbock, TX 79404
- Commercial real estate
- 2.50 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 505 County Road 7300
- Lot size
- 2.50 lot acres
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a thriving 36-unit RV park situated on a spacious 2.5-acre lot in Lubbock, Texas. The property boasts a robust infrastructure including two wells and two septic systems, ensuring reliable service for all units. Each of the 36 RV spaces is equipped with convenient hookups. Adding to the income stream are two houses and a single efficiency unit, providing diverse revenue streams. One house, located on the west side of the park, has recently undergone significant renovations, including new windows, paint, and plumbing, and is currently leased. A substantial commercial building enhances the property's value, featuring two offices equipped with a comprehensive security system and interior/exterior cameras, three washer/dryer combinations, updated restrooms, and an insulated storage area. Further adding to the property's versatility is a 1200-square-foot metal building situated on the east side of the property. The existing infrastructure and ample available space present significant potential for future expansion, allowing for increased revenue and further development. This turnkey operation offers a rare chance to acquire a well-established and profitable business with considerable growth opportunities in a desirable location. The asking price is $1,200,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.8311
- Latitude
- 33.49109
