Listed by Asterra Properties
$1,800,000
502 Springdale Rd
Details
Property Type Land, Mobile Home Park
Sub Type Commercial
Square Footage 12,179
Cap Rate 3.90%
NOI $62,518
Occupancy 87%
Buildings 1
Acreage 0.280
Zoning GR-MU-NP
Mixed-Use RV Park Investment | 0.28 acres
Marketing description
Located in the Govalle neighborhood and near the highly visible intersection of Springdale and East 5th St. This mixed-use investment property spans .28 acres (+/-12,179 SF) and features a combination of 14 rentable RV spaces, a duplex and billboard income.
Investment highlights
Prime Covered Land Play
Billboard revenue
Full Utilities
Rent Roll and Financials pending on signed NDA
Within walking distance to retails
Major developments planned with walking distance
Access to Hwy 183, East Cesar Chavez and E 7th St
Potential to assemble additional acreage
Listing Contacts
Listed by Asterra Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$62,518.00
$5,209.83/mo
Valuation Metrics
0
DSCR
3.47%
Cap Rate
3.47%
ROI
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