3201 Over Flow Road, Waco, TX 76712 For Sale

North Star Brokerage & Advisory is pleased to present a rare opportunity to acquire Lake Waco Marina, The Cove Marina, and RV Park—a premier waterfront investment with two marinas and an RV park in the heart of Central Texas.

Offered by private ownership after 20 years, this turnkey, cash-flowing portfolio includes 264 existing boat slips (with approvals for 407), 85 RV sites (70 full-hookup pending final septic installation), dry storage, retail, and multiple ancillary revenue streams. A newly executed 25-year lease with the U.S. Army Corps of Engineers—extendable to 50 years—provides long-term stability in one of Texas’s highest barrier-to-entry marina markets.

Recent capital improvements, strong occupancy with limited marketing, and significant expansion potential position this offering as one of the most strategic and scalable marina/RV park portfolios in Central Texas.

Located in Waco, a growing regional hub and tourism destination, the properties benefit from steady boat traffic, RV demand, and a thriving outdoor recreation economy. For investors seeking protected competition, diversified income, and immediate upside, Lake Waco Marina & RV represents a unique opportunity to acquire a proven, income-producing asset with long-term growth potential.

Looking for something else? Please submit your buyer criteria so that our team can better pair your with opportunities that meet your needs.

ACCESS TO DILIGENCE: To access the due diligence documents through Crexi, navigate to the Due Diligence tab on the property listing page. Click Execute CA, then accept to electronically sign the Confidentiality Agreement. Once completed, the diligence vault will automatically unlock, allowing you to view and download the documents.

HOW TO PARTICIPATE

● Inquiries should be made by contacting Landan Dory at LANDAN@NSTARBA.COM

● DO NOT show up to the property unannounced.

● DO NOT speak to staff, guests or owners without written consent from Broker.

● All offers must be submitted in a Letter of Intent format with proof of funds and/or letter from a lender.

● Please review all diligence materials prior to contacting an agent.

Notice to Subto and Creative Finance Communities

To all new members of the Pace Morby “Creative Finance” and “Subto” communities, we appreciate your enthusiasm and interest.

Please note that we work exclusively with verified buyers (and their brokers). To protect our sellers, we do not release proprietary information to intermediaries, scouts, “bird dogs,” or any third parties.

All buyers must contact us directly, complete registration, and sign a Confidentiality Agreement before receiving any property details. Proof of funds may be requested from all interested parties.