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1147 Benton Dr

Lufkin, TX 75901

$2,950,000

Trailer Camper Park For Sale  •  5,150 Sq Ft

Property Details

  • Property Type Trailer Camper Park
  • Total Building Size 5,150 Sq Ft
  • Lot Size 19.22 ac
  • Building Class C
  • Year Built 2012
  • Cap Rate 6.27 %
0 Transit Score
0 Walk Score

Description

Tenderleaf Village RV Park is situated just outside the city limits of Lufkin and is within about 2 hours of drive from either The Woodlands or Houston, TX. The property itself consists of approximately 19 acres just on the outskirts of Lufkin. It’s a quiet location with beautiful tall trees, ponds and railway ties lining the driveways. The residents have ample space around their RV’s and they have access to laundry facilities on the property. There are currently 80 RV spaces with one more expansion phase planned which will take the park to a total of approximately 90 units. The revenue expansion opportunities include leasing up the remaining RV’s and vacant lots, switching the electricity utility payments to the tenants, expanding the washeteria, adding self- storage units for the tenants, and developing Phase 5 of the park expansion. So, significant upside for a new owner! Tenderleaf is one of the best looking parks in Lufkin with a beautiful location that has no problem attracting new residents. A lot of the park has only been recently developed, so it’s gone through a significant growing phase in the last 12 months. A new owner can improve processes, infrastructure and services to create and consolidate a stable and growing income. This is a great opportunity for a group that has the infrastructure to manage a large park.

Property Flyers

Financial Summary

Cap Rate: 6.27 %

Amenities

  • Property Manager on Site
Lance Langenhoven 281-766-4352 The Commercial Professionals
Lance Langenhoven 281-766-4352 The Commercial Professionals