748 Concho St
Colorado City, TX 79512
Specialty Property For Sale · 402,930 SF

Colorado City RV Park is in Colorado City, Texas, which is virtually equidistant from Midland and Abilene (approximately 70 miles from each). The asset is 4 miles from Interstate 20, a major east west highway and 90 miles from the Midland International Airport. There are 99 total spaces with 83 of them developed in the past four years. Included in the offering is a 2,500-square foot building with 15 washers and 15 dryers. Amenities include showers, toilets, dog run, free Wi-Fi, and a grilling area. The park operates on city water and sewer and is master metered. Colorado City is nestled in the heart of West Texas on the banks of the Colorado River. The park has access to the riverbanks less than half a mile from the north, east and south facing sides. The town is rich with well established family owned businesses and prides themselves on true southern hospitality. The Colorado City Chamber of Commerce boasts excellent schools with a newly built elementary and middle school. The largest employers in Colorado City include the Mitchell County Hospital and the Colorado Independent School District. Unemployment is at 3.4 percent – which is below the national average of 3.7 percent – and has been on a steady improvement over the last 10 years. Colorado City RV Park is being offered at a day one cap rate of 15.43 percent and a pro forma cap rate of 18.11 percent. Also, the current park manager is open to staying onboard for future ownership.