Description
Corsicana, TX
JTACR is pleased to present American RV Park & Event Center for sale.
American RV Park is a 156 unit, extended stay community located on State Hwy 31, in the center of Corsicana TX.
With its convenient location and proximity to all of the Corsicana employers, its competitive amenities, and its safe, spacious environment, American RV Park has become home for its tenants.
Operating as a primarily long term stay location, the monthly spaces have consistently been the main tenant base for the last 5 years.
The property is located 59 miles south of Dallas; 5.3 miles west of Interstate 45 South; and directly off of State Hwy 31. Walmart is 0.5 miles down the road.
Current ownership is absentee. There is great upside in focusing on marketing, creating a website, and taking advantage of their wedding/event space that also comes with the property. In addition, rents have not been raised in 9 years!
Two large halls (Star Hall and Liberty Hall), one which can hold 300 people, the other 80, sit conveniently towards the front of the property for private events.
This is an opportunity to step into an investment property that holds historical presence and awareness, is conveniently located, and presents multiple upside opportunities.
EOY Gross for 2019 = $614,000
EOY NOI for 2019 = $374,000
Contact JTACR for full flyer and marketing package!
- Walk Score®14
- SectorMulti-Family
- TypeMultifamily, RV Park/Campground
