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OFFERED EXCLUSIVELY BY: STEVE GRANT REAL ESTATE LLC NICK GRANT, LISTING AGENT 406 E. CORSICANA STREET ATHENS, TEXAS 75751 903-675-3503 (OFFICE) 903– 681-0033 (CELL) Email: [email protected] Website: www.SteveGrant.com A great commercial investment opportunity on State HWY 19 between Athens and Palestine. 14099 STATE HWY 19 PALESTINE, TEXAS 75803 DUN ROAMIN RV PARK

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Page 1: DUN ROAMIN RV PARK - images1.loopnet.com...acres. There’s a two bed, two bath, approximately 1,456 sqft mobile home on the property that can be used as an office, residence for a

OFFERED EXCLUSIVELY BY:

STEVE GRANT REAL ESTATE LLC NICK GRANT, LISTING AGENT

406 E. CORSICANA STREET ATHENS, TEXAS 75751

903-675-3503 (OFFICE) 903– 681-0033 (CELL) Email: [email protected]

Website: www.SteveGrant.com

A great commercial investment opportunity on State HWY 19 between Athens and Palestine.

14099 STATE HWY 19 PALESTINE, TEXAS 75803

DUN ROAMIN RV PARK

Page 2: DUN ROAMIN RV PARK - images1.loopnet.com...acres. There’s a two bed, two bath, approximately 1,456 sqft mobile home on the property that can be used as an office, residence for a

PROPERTY INFORMATION BROCHURE ON: 14099 STATE HWY 19, Palestine, TX 75803

Location: Approximately 10.278 acres and improvements located in Block 1517, Tracts 7C & 7D known as 14099 State HWY 19, Palestine, TX 75803 A. Directions: From Athens, take HWY 19 south for approximately 19.5 miles. Property on the right. From Palestine, take HWY 19 north for approx. 15 miles. Property on

the left. B. GPS Location: 1. Latitude: 31.942239 2. Longitude: -95.745331

II. Asking Price: $340,000

III. Financing Information:

A. Existing—Treat as clear B. Terms—

1. Cash 2. Conventional IV. Property Description: A great commercial investment opportunity for an established RV park.

This property sits between Palestine and Athens with approximately 295 feet of road frontage on HWY 19 and features an onsite washroom, 15 RV pads, underground electric, security cameras, high speed internet, and plenty of room for expansion with approximately 10.28 acres. There’s a two bed, two bath, approximately 1,456 sqft mobile home on the property that can be used as an office, residence for a property manager/owner, or can be easily

converted into a club house for tenants. A. Improvements —

Mobile Home - 1,456 square foot (per ACAD) 2 bedroom, two bath mobile home with a metal roof. Built in 1992, this home has vinyl and carpet flooring throughout on a pier and beam foundation. Mobile has a kitchen, washer and dryer connections, pantry and covered porch. Currently used as residence and office for owner and manager, but could also be used as clubhouse for tenants. Washroom Building - 120 square foot (per ACAD) building connected to water and electricity. Has it’s own electric water heater, washer & dryer connections, sink, electric heater, and space for some storage. Shop/Storage Building - 240 square feet (per ACAD) that can be used as storage building or workshop. Has electricity. RV Pads - currently has 15 RV pads with electricity. Wooded acreage behind main park provides great expansion opportunity.

B. Terrain - 1. Soil—Sandy loam

C. Water Source 1. BBS Water Supply

D. Other Information – 1. Sewer—Septic (currently 6 septic tanks on property) 2. Telephone—AT&T 3. Electric — Trinity Valley Electric Co-Op 4. Cable — Dish available 5. Internet — UbiFi (ubifi.net) **Note: Broker does not warrant utilities. Broker advises any prospective Buyer to verify availability of utilities with various utility companies

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6. Easements—Subject to all visible and apparent easements and any easements of record. 7. Restrictions—Subject to any restrictions of record

V. Taxing Authority and Taxes:

A. Anderson County B. Palestine Independent School District C. Total Estimated Taxes – Approximately $1,966 per the Anderson County Appraisal District (with exemptions in place at this time) ** Note: Prospective Buyer is hereby given notice that the property could be subject

to a Roll Back tax and broker advises any prospective buyer to consult the Anderson County Appraisal District.

VI. Minerals: A. Oil, Gas, and Other Minerals—Owner to reserve all oil, gas and other minerals not previously reserved or conveyed by Seller’s predecessors in title. B. Surface Minerals—100% of all surface minerals owned to be conveyed. Surface minerals including but not limited to clay, lignite, iron ore, top soil, Sulphur or any

mineral which if mined is done by surface mining operations.

** NOTE: This material is based upon information which we, Steve Grant Real Estate LLC, consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete, and it should not be relied upon as such. This offering is subject to errors, omissions, change of price or withdrawal without notice.

Page 4: DUN ROAMIN RV PARK - images1.loopnet.com...acres. There’s a two bed, two bath, approximately 1,456 sqft mobile home on the property that can be used as an office, residence for a
Page 5: DUN ROAMIN RV PARK - images1.loopnet.com...acres. There’s a two bed, two bath, approximately 1,456 sqft mobile home on the property that can be used as an office, residence for a
Page 6: DUN ROAMIN RV PARK - images1.loopnet.com...acres. There’s a two bed, two bath, approximately 1,456 sqft mobile home on the property that can be used as an office, residence for a

Estimated Proforma Statement For 14099 State HWY 19, Palestine, TX

I. Gross Potential Income: $63,000 A. 15 Spots - $350 B. 20% Vacancy Rate - $1,050 ($12,600) Gross Effective Income - $50,400

II. Expenses A. Insurance - $1,320 B. Property Taxes - $1,966 C. Maintenance/Repairs - $2,276 D. Utilities - $3,900 Website, Trash, Electric, Internet, Phone, Water ($276, $744, $1,080, $600, $1,200) E. Marketing - $500 F. Professional Services - $350 G. Management Fee (10%) - $5,040 Total Expenses - $15,352

III. Net Operating Income: $35,048

Estimated Capitalization Rate – 10.3% *Note: Estimate is based on actual expenses and existing lease rates. Owner does not warrant or guarantee any particular income or expense.

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OTHER FEATURES INCLUDE:

• Approximately 10.278 acres • Approximately 295 feet of road frontage

on HWY 19 • 15 RV pads with electricity • Security cameras on the property • High speed internet available • Living Area—Appx. 1,456 sqft per ACAD • 2 bedrooms and 2 baths • Kitchen Pantry

• Washer/dryer connections • Central electric heat and air • Electric water heater • 6 conventional septic tanks • Onsite washroom for tenants • Taxes—Appx. $1,966 per ACAD • Palestine Independent School District • Shop/storage building • Room for expansion

Page 8: DUN ROAMIN RV PARK - images1.loopnet.com...acres. There’s a two bed, two bath, approximately 1,456 sqft mobile home on the property that can be used as an office, residence for a