1327 N Ocean Drive,Port Lavaca, TX 77979
Port Lavaca, TX 77979
Description
Income-producing RV park in Magnolia Beach, a bay community of Port Lavaca, TX. The RV park is just a short walk to the Magnolia Beach Public Park which has a public beach, fishing pier and boat ramp. The property offers stunning waterviews of Matagorda Bay and benefits from strong demand drivers including coastal workforce and recreational use. Situated on 0.50 acres, the property features 9 established RV pads with 6 currently occupied. Rents average $400/month per pad, with one pad leased at a reduced rate in exchange for on-site assistance. All tenants are on month-to-month agreements, providing flexibility for rent increases and operational improvements. FEMA Zone VE, on-site septic system serves existing pads, each unit has a Utility Hook up with 50 Amp and Water Spigot. Each pad is individually metered for electricity, with tenants reimbursing usage. Owner currently covers water, septic, trash, and WiFi. The property has a split-access configuration: Pads 6-9 have direct access from 24th Street, while Pads 1-5 are accessed via a recorded ingress/egress easement through the adjacent property (Bayshore Motel) connecting to Promenade. Easement is subject to terms and conditions of record. Offered at $299,000 (~$33K per pad). Estimated cap rate ~6% based on average NOI. Seller financing available: 20% down, 8% interest, 15-20 year amortization with 5-year balloon (terms subject to approval). Buyer to verify all information.
Details
| MLS # | 611745 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial |
| Sub-Type | Resale |
| Status | Active |
| Year | 2017 |
| Days On Site | 128 |
| Listing Provided By | All City Real Estate | Rosangely Hernandez |
Features
| SQ Feet | 21,760 |
|---|---|
| Zoning | CL |
| Acreage | 0.50 |
| Property View | Other |
Parking
| Parking Features | Parking Spaces |
|---|
Location
| Community Features | Other, See Remarks |
|---|
Area Information
| State | TX |
|---|---|
| County | Calhoun |
| City | Port Lavaca |
| Zip Code | 77979 |
| Listing VS Median (in 77979) | |
Price: $299,000 low | high Med: $295,000 sqft: 21,760 low | high Med: 2,492 $ / sqft: $14 low | high Med: $118 On site: 128 low | high Med: 124 | |
Market Activity 77979
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Learn More About This Property
| State | TX |
|---|---|
| County | Calhoun |
| City | Port Lavaca |
| Zip Code | 77979 |
| Listing VS Median (in 77979) | |
Price: $299,000 low | high Med: $295,000 sqft: 21,760 low | high Med: 2,492 $ / sqft: $14 low | high Med: $118 On site: 128 low | high Med: 124 | |
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Land & Ranch 210.483.7500 | Bandera 830.850.6700 | Global Luxury 210.483.5700 | Coldwell Banker Commercial Alamo City 210.483.6250
North Central San Antonio / Stone Oak 210.483.7070 | Harper Property Management 210.483.7040 | Relocation Services 210.483.7121
North West San Antonio 210.483.0000 | Laredo 956.722.4822 | Coldwell Banker Commercial International Gateway 956.937.2867
