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507 County Road 1550 - Mustang Resort 220 Unit Apartment Building Offered For Sale Alba, TX 75410
EXECUTIVE SUMMARY
JTACR Real Estate Group is pleased to exclusively present Mustang RV Resort & Boat Storage: a 220-unit (150 pads, 60 enclosed boat storage stalls, and 10 hotel rooms) resort community on one of the western side peninsulas of Lake Fork.
With 133 of the sites sitting on the lakefront, this resort offers its customers not only a highly desirable location, but also a scenic, safe, and community-centric site for their lake visits.
Current ownership operates this resort in a very hands-on manner, and the result is a beautifully maintained, one-of-a-kind community. Operations have meticulous detail to customer interactions, up selling to community needs, and thorough maintenance and improvements to the infrastructure of the community. The community has two full time staff, one of which would be open to staying on for a short period.
Mustang Resort is a preferred location for international bass fisherman travelers due to the ideal location, convenient boat ramps, store offerings, parking solutions, and short term stay options.
Additional amenities that are offered to customers include various RV site options, park model rentals, hotel room options, Wi-Fi throughout, boat ramps, deck construction options, lawn care, a store, tackle & bait sales, boat storage, and much more.
This opportunity presents investors with a Rare opportunity to own a lake front business and leaves vast amounts of opportunities for value add in expansion options and operational improvements.
With 133 of the sites sitting on the lakefront, this resort offers its customers not only a highly desirable location, but also a scenic, safe, and community-centric site for their lake visits.
Current ownership operates this resort in a very hands-on manner, and the result is a beautifully maintained, one-of-a-kind community. Operations have meticulous detail to customer interactions, up selling to community needs, and thorough maintenance and improvements to the infrastructure of the community. The community has two full time staff, one of which would be open to staying on for a short period.
Mustang Resort is a preferred location for international bass fisherman travelers due to the ideal location, convenient boat ramps, store offerings, parking solutions, and short term stay options.
Additional amenities that are offered to customers include various RV site options, park model rentals, hotel room options, Wi-Fi throughout, boat ramps, deck construction options, lawn care, a store, tackle & bait sales, boat storage, and much more.
This opportunity presents investors with a Rare opportunity to own a lake front business and leaves vast amounts of opportunities for value add in expansion options and operational improvements.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 33.36 AC |
| Sale Condition | Business Value Included | No. Stories | 1 |
| No. Units | 220 | Year Built | 2010 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Zoning | NA - Leaseback with Sabine River Authority | ||
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| No. Units | 220 |
| Property Type | Multifamily |
| Lot Size | 33.36 AC |
| No. Stories | 1 |
| Year Built | 2010 |
| Opportunity Zone |
Yes |
| Zoning | NA - Leaseback with Sabine River Authority |
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507 County Road 1550 - Mustang Resort
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