351 My Lane, Millsap, TX 76066 | 20480754 | Allie Beth Allman & Associates

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Listing provided courtesy of Texas Realty One - MLS#20480754MLS Provider

351 My LaneMillsap, TX 76066

Commercial · 1,400 Sq. ft. | 20.00 Acres

$3,900,000 Active Option Contract

Overview

Time on Site:
90 days
Visits:
0

Brand NEW RV Park located off of the highly traveled HWY180 in Parker County! Construction completed in Nov 2023. Park Consists of 95 RV Sites including 46 covered and 49 uncovered sites situated on 14.5 acres. An additional 5.5 acres included in sale could be used to expand or possibly used for a horse type facility! Amenities include a sparkling pool, 1000sf community center, fenced dog park, fenced playground, 100sf office and a 250sf laundry room and shower house. All RV sites are individually metered with full hook ups with 30 and 50 amp service, water and sewer. Tenants pay for 100% of their electric. All roads and RV sites are chip sealed and all sites include a grassy side yard. Park is currently 67% occupied as construction was recently completed. Golf Cart and zero turn will be included as well as furnishings and park owned RV which is currently rented to a guest. Park currently does have a property manager and maintenance tech on site. Pro-forma and Survey Available.

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Facts & Features

  • Type Commercial
  • Sq. ft. 1,400
  • Price/Sq.ft. $2,785
  • Lot 20.00 Acres

General

Income/Expenses
  • Gross Income: 581400.00
  • Insurance Expense: 5000
  • Net Operating Income: 447505
  • Operating Expense Includes: Insurance, Maintenance Grounds, Manager, Supplies, Trash, Utilities, Water/Sewer
Building Information
  • Year Built: 2023
  • Year Built Details: New Construction - Complete
Business Information
  • Business Type: Mobile/Trailer Park
Location/Region
  • Country: United States
  • County Or Parish: Parker
  • Subdivision Name: Marys Sub
Rent/Lease Information
  • Average Monthly Lease: 550
  • Lease Term Description: month to month
  • Tenant Pays: Cable TV, Electricity
General Information
  • Building Use: Laundromat, Office, Other
  • Inclusions: Furniture, Inventory, Land & Improvements, Machinery
  • Multi Zoning YN: No
  • Municipal Utility District: No
  • Number Of Leaseable Spaces: 95
  • Parcel Number: R000121151
  • Property Sub Type: Business
  • Property Type: Commercial Sale
  • Second Mortgage: No
  • Special Listing Conditions: Standard

Interior

Building Information
  • Accessibility Features YN: Yes
  • SQFT Gross: 1350
Building Interior
  • Building Area Source: See Remarks
  • Building Area Total: 1400.00
  • Ceiling Height: 8 to10 Feet
General Information
  • Accessibility Features: Accessible Approach with Ramp, Accessible Doors, Accessible Entrance
  • Cooling: Ceiling Fan(s), Electric
  • Flooring: Luxury Vinyl Plank
  • Foundation Details: Pillar/Post/Pier
  • Heating: Electric
  • Leasable Area: 57000.00
  • Stories Total: 1

Exterior

Parking Information
  • Parking Features: Assigned, Drive Through, Driveway, Gravel, Open, Parking Lot, RV Access/Parking, RV Carport
Lot Information
  • Lot Features: Acreage, Cleared, Greenbelt, Landscaped
  • Lot Size: 10 to < 50 Acres
  • Lot Size Acres: 20.0000
  • Lot Size Area: 20.0000
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 871200.0000
  • Lot Size Units: Acres
Building Exterior/Construction
  • Construction Materials: Metal Siding, Siding, Wood
  • Roof: Metal
General Information
  • Number Of Units Total: 95
  • Road Frontage Type: County Road
  • Utilities: Aerobic Septic, Cable Available, Co-op Water, Electricity Connected

Monthly Cost

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* Assumes 7.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Market Data

Based on the last 30 days in this zip code

$1,297,296
Median Sales Price
$463
Median Price per Square Foot
24
Properties Sold
11
New on Market
92
Average Days on Market
27
Properties for Sale
Calculations provided by Reliance Network

History

Date Event Value Agent
2/2/2024Source: North Texas MLS Status Change
Active Option Contract
1/31/2024Source: North Texas MLS Status Change
Active
1/23/2024Source: North Texas MLS Status Change
Active Option Contract
1/18/2024Source: North Texas MLS Price Reduction
$3,900,000 -15.2%
11/22/2023Source: North Texas MLS Added to Database
November 22, 2023