1301 E CR 140 $4,200,000

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    1301 E CR 140 Midland, TX 79709

    • 5.61 Acres
    • Commercial
    • MLS# 14149458
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    Property Details

    A boomin' opportunity with a return as good as the black gold surrounding it. Centered in the heart of the West Texas Oilfields this low maintenance RV Park investment yields a healthy 11.86% cap rate with a 98+%, year-round occupancy. This Park boasts 74 total spaces on approx. 5.5 acres with private well & septic, underground electric, cable & internet. Spaces currently rent for $650 & $750 on larger spaces, all utilities included. Recently, a multi-unit laundry & common showers were added for additional revenue. A manager is currently in place for a hands-off operation or it could easily be managed yourself. #1 in crude & #2 on natural gas production in the State of Texas. The Cap rate is approx. 11.86%.

    • General Features
      • County Or Parish Midland
      • Possession Closing/Funding
      • Property Sub Type COM-Sale
      • Property Type Commercial
      • SQFT Building 600
      • SQFT Gross 244372
      • SQFT Leasable 244373
      • Subdivision Name S Part
      • Utilities Outside City Limits, Septic, Well
      • Year Built 2018
      • Year Built Details Preowned
    • Building Features
      • Building Area Source Owner
      • Building Use Other
      • Ceiling Height 8 to10 Feet
      • Construction Materials Metal
      • Construction Materials Walls Metal
      • Flooring Concrete
      • Foundation Details Slab
      • Heating No Air,No Heat
      • Number Of Stories 1
      • Number Of Units 74
      • Parking Features Assigned Spaces,Uncovered
      • Roof Metal
    • Property Features
      • Lot Size 5 Acres to 9.99 Acres
      • Lot Size Area 5.610
      • Lot Size Area SQFT 244371.60
      • Lot Size Dimensions 718 x 340
      • Lot Size Source Tax
      • Lot Size Units Acres
      • Topography Cleared
      • Waterfront Y/N 0
    • Additional Features
      • Tax Legal Description S/Part SEC: 24 BLK 39-T2S
      • Business Name Rangers RV Park
      • Commercial Features Other
      • Occupancy Tenant
      • Road Frontage Gravel/Rock,Other
      • Road Frontage Distance 340

    Contact

    Williams Trew Customer Care

    Williams Trew Customer Care

    Administrator

    Williams Trew - Camp Bowie

    Office: 817-862-4450
    • Prosperity Home Mortgage

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    Max Klinedinst

    Max Klinedinst Mortgage Consultant

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    Sherry Carson

    Sherry Carson Insurance Agent

    Home Team Insurance is an independent agency that operates through a network of offices located throughout the North Texas area. As a full-service operation, we offer a full suite of quality insurance solutions including home, auto, umbrella, and more. We have established long term relationships with many of the top national and regional carriers in the country, bringing you the power of choice when it comes to your personal insurance needs. As an affiliate of Ebby Halliday, Dave Perry-Miller Real Estate and Williams Trew Real Estate we work hand-in-hand with our real estate, lending, and title partners to obtain the coverage you need when buying a home.

    ©2020 North Texas Real Estate Information Systems, Inc. All Rights Reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, North Texas Real Estate Information Systems, Inc.

    Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.