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29526510
29526516

9811 Co Rd 534, Whitewright, TX 75491

JP
ER 100081901
NAI Outdoor Hospitality Brokers
BK
CO ER.100052334
NAI Outdoor Hospitality Brokers
Listed by NAI Outdoor Hospitality Brokers
$1,950,000
141 days on market
Updated 3 days ago

Fountain Springs RV Development - Truly Shovel Ready

Details
APN 136496
Property Type Multifamily, Land
Sub Type RV Park, Development (+1)
Units 160
Cap Rate 8.80%
NOI $968,000
Pro-Forma Cap Rate 8.88%
Pro-Forma NOI $968,000
Class A
Year Built 2026
Acreage 25.000
Zoning General Agriculture
Ownership Fee Simple

25-Acre Development for 160+ Sites - Permitted, Approved, and Engineered with Bids in Hand

Marketing description

Please contact Jesse Pine for more information: 970-379-5551 / [email protected]

NO SELLER FINANCING OR “CREATIVE FINANCING” - NO PACE MORBY OR SUBTO COMMUNITY CALLERS.

Fountain Springs RV Development presents an opportunity to immediately begin construction for an ideally-located Luxury RV Resort & Event Space in the North DFW metroplex. The property includes 25 acres and is designed for 160+ RV sites + up to five unique guest units. Project is designed as a Class A RV resort catering to predominately long term stay guests paying monthly rates. Property is on the border of Collin County & Grayson County. Preliminary grading, demolition and excavation work have already been completed. Plans include construction for a clubhouse and event center that will generate additional revenue. Resort has been designed to uniquely showcase open green space with three separate one+ acre park areas creating unique neighborhood environments. Proposed amenities include 2.5 acre fishing lake with dock for water activities, dog parks, children's playground, general store, package lockers, propane station, wine vineyard, outdoor wedding and event venue, community garden, walking trails and paths. An expansive clubhouse with a resort-style pool and two thermal spas is also included in the plans. Three laundry facilities are located throughout the project for ease of use and convenience.

Investment highlights

  • Property is completely shovel ready
  • Owners have bids from multiple contractors for all phases of construction
  • All engineering complete with option to reduce scope of work or reduce amenities
  • Complete project has been approved by all regulatory agencies
  • Owners have building permit in hand - construction can begin upon closing
  • Owners willing to remain as partners, investors, or developers of project in JV with buyer

Listing Contacts

JP
ER 100081901
NAI Outdoor Hospitality Brokers
BK
CO ER.100052334
NAI Outdoor Hospitality Brokers
Listed by NAI Outdoor Hospitality Brokers

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$968,000.00
$80,666.67/mo

Valuation Metrics

0
DSCR
49.64%
Cap Rate
49.64%
ROI

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Additional Information

Name
George Dutter
License
405391
Brokerage
NAI Robert Lynn
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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