907 I-20 Frontage Rd
Big Spring, TX 79720
Southridge RV Park · Specialty Property For Sale
·
2,000 SF
INVESTMENT HIGHLIGHTS
- 11.5% Cap Rate on 2019 Income with Significant Development Opportunity - 60 Additional Acres
- Occupancy for the Life of the Park is Over 90% with Current Occupancy at 96%
- Average to Below Market RV Site Rent and Opportunity to Significantly Increase Lot Rent for the Modular Homes
- Park has 123 RV Sites and 16 Modular Homes Paying Lot Rent
- Big Spring Population Expected to Exceed 30,000 By End of 2019
- On-site Manger In Place with Desire To Stay In Current Role
PROPERTY FACTS
ABOUT 907 I-20 FRONTAGE RD , BIG SPRING, TX 79720
Southridge RV Park is a thriving investment opportunity catering to Permian Basin workers in the region and local residents of Big Spring. Strong long-term jobs in the Permian Basin for energy infrastructure and construction jobs combined with a shortage of permanent housing creates high demand for RV parks in the city and region. Local economic drivers are oil and gas drilling, pipelines, solar and wind farms, refineries, general construction related businesses, VA and state hospital, state and federal correctional facilities. Park also caters to local residents who are in need of low income housing alternatives. The park is located on ±20 acres with an additional ±40 acres to be sold with the RV park. +-30 acres of land is available to develop additional RV or MH sites. The property is ideally situated directly off Exit 178 on Interstate 20 with good visibility and a large sign. Southridge RV Park is located within the city limits of Big Spring, TX. The park has city water and can be connected to city sewer which is already accessed at the neighboring property.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $752,149 | |
| Land Assessment | $400,850 | Total Assessment | $1,152,999 |
