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Property Overview

Price/Rent PSF $ 1,595,000.00
Asset Type Hospitality
Trade Type Sale
SQ. FT. Available INQUIRE
Date Available 04/24/2020
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Description

Location
Mathis Motor Inn & RV Park

Established RV Park with (58 spaces), motel (24 rooms) and a rental apartment priced at an attractive 11% CAP RATE!

Park is landscaped with numerous palm trees and features concrete and gravel pads. Onsite management is in place with a reservation system, online marketing and credit card merchant services. This park is a turnkey operation set up for a remote investor or can be run onsite by an resident manager. If buyer self manages park a Pro Forma 15% CAP RATE is forecasted. CPA prepared financial statements are available.

Located about 0.7 miles from I-37 (24,995 cars per day). I-37 is the main freeway between San Antonio and Corpus Christi. Park has a billboard on I-37 directing travelers to the location.

Lake Corpus Christi is about 4 miles away. The City of Corpus Christi is about 37 miles away, allowing for a quick escape to the beach.

Several employment centers are nearby, driving demand including a large Exxon plant under construction. wind farm projects and the Port of Corpus Christi.

There is room for expansion and value added revenue. RV parks are considered recession resistant business and tend to thrive in a down economy.

Sale
Mathis Motor Inn & RV Park

Established RV Park with (58 spaces), motel (24 rooms) and a rental apartment priced at an attractive 11% CAP RATE!

Park is landscaped with numerous palm trees and features concrete and gravel pads. Onsite management is in place with a reservation system, online marketing and credit card merchant services. This park is a turnkey operation set up for a remote investor or can be run onsite by an resident manager. If buyer self manages park a Pro Forma 15% CAP RATE is forecasted. CPA prepared financial statements are available.

Located about 0.7 miles from I-37 (24,995 cars per day). I-37 is the main freeway between San Antonio and Corpus Christi. Park has a billboard on I-37 directing travelers to the location.

Lake Corpus Christi is about 4 miles away. The City of Corpus Christi is about 37 miles away, allowing for a quick escape to the beach.

Several employment centers are nearby, driving demand including a large Exxon plant under construction. wind farm projects and the Port of Corpus Christi.

There is room for expansion and value added revenue. RV parks are considered recession resistant business and tend to thrive in a down economy.

Location

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