4200 Skeet Eason Rd
Waco, TX 76708
The Cove RV and Marina Development · Land For Sale · 55.00 AC

Marina - The Cove is currently operating as a marina only with 34 wet slips and one of the larger and shallower ramps on Lake Waco. At one time, the marina had well over 100 slips, a restaurant, a fuel dock, a 15 slip RV park, a 40x100 shop, and a yard. According to the owner, the marina is allotted 250 slips (to be verified) and can have the fuel and restaurant. RV - There is a small piece (approximately 20 Acres) of available flat land where an RV park could be developed. With all utilities being located inside the property, development costs should be relatively small to an equally sized park in the county. Furthermore, with the existing 4000 sqft concrete pad, lake views, and several areas for hiking trails, amenities should be relatively inexpensive to develop. Short Term Rentals - There are approximately 7 acres of wooded areas to the south of the marina where the old RV park was operated that would be an ideal spot to bring in cabins. With water and electricity already in place, running the sewer line to the lift station will keep development costs down. Short-term rentals in the area can rent for up to $600/night and Waco averages around 65% occupancy. Adjusting the price to a more conservative $275/night is sure to keep your cabins full and revenue up! Amenities - The City of Waco announced in December that a trail would be built connecting the community of China Spring to downtown Waco. The entrance to The Cove will directly intersect its path giving developers a great opportunity to not only develop a vacation destination, but a strong asset to the community as well. Bringing back the floating restaurant complete with an outdoor stage would be a great to keep your guests entertained but also involve the community. Additional - The City of Waco announced in December that a trail would be built connecting the community of China Spring to downtown Waco. The entrance to The Cove will directly intersect its path giving developers a great opportunity to not only develop a vacation destination, but a strong asset to the community as well. Bringing back the floating restaurant complete with an outdoor stage would be a great to keep your guests entertained but also involve the community. Also, no ship store or fuel is offered on Lake Waco. Adding a store that sells convenience store items along with fuel will keep people on the lake longer which will increase your revenue in the store and in the restaurant.