This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1223 N Front St
Mathis, TX 78368
Mathis Motor Inn & RV Park · Hospitality Property For Sale
·
11,639 SF
INVESTMENT HIGHLIGHTS
- - Established RV Park in metro Corpus Christi with (58 spaces), motel (24 rooms) and a rental apartment
- - Park is landscaped with numerous palm trees and features concrete and gravel pads
- - This park is a turnkey operation set up for a remote investor or can be run onsite by an resident manager.
- - Priced at an attractive 11% CAP RATE!
- - Onsite management is in place with a reservation system, online marketing and credit card merchant services.
- - If buyer self manages park a Pro Forma 15% CAP RATE is forecasted.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built/Renovated | 1955/2018 |
| Building Class | C | Parking Ratio | 1.72/1,000 SF |
| Lot Size | 6.00 AC | Corridor | Exterior |
| Building Size | 11,639 SF | ||
| Zoning | B-1 - RV Park | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 6.00 AC |
| Building Size | 11,639 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1955/2018 |
| Parking Ratio | 1.72/1,000 SF |
| Corridor | Exterior |
| Zoning | B-1 - RV Park |
AMENITIES
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
ABOUT 1223 N FRONT ST , MATHIS, TX 78368
Established RV Park with (58 spaces), motel (24 rooms) and a rental apartment priced at an attractive 11% CAP RATE! Park is landscaped with numerous palm trees and features concrete and gravel pads. Onsite management is in place with a reservation system, online marketing and credit card merchant services. This park is a turnkey operation set up for a remote investor or can be run onsite by an resident manager. If buyer self manages park a Pro Forma 15% CAP RATE is forecasted. CPA prepared financial statements are available. Located about 0.7 miles from I-37 (24,995 cars per day). I-37 is the main freeway between San Antonio and Corpus Christi. Park has a billboard on I-37 directing travelers to the location. Lake Corpus Christi is about 4 miles away. The City of Corpus Christi is about 37 miles away, allowing for a quick escape to the beach. Several employment centers are nearby, driving demand including a large Exxon plant under construction. wind farm projects and the Port of Corpus Christi. There is room for expansion and value added revenue. RV parks are considered recession resistant business and tend to thrive in a down economy.
PROPERTY TAXES
| Parcel Number | 49804 | Improvements Assessment | $1,143,415 |
| Land Assessment | $107,763 | Total Assessment | $1,251,178 |
PROPERTY TAXES
