Circle Inn MH/RV Park
New Listing | 45 units | Infill opportunity
Marketing description
- Flexible Redevelopment: 4.46-acre site with zoning support for MHP, RV park, storage, or other commercial uses.
- Seller Financing Available: The owner will look at all offers, conventional or seller financed.
- Strong Demand: Roughly 100,000 annual visitors from the International Air Race and ongoing housing shortage.
- Utility Upside: Potential connection to city water and sewer, plus existing well on site.
- Value-Add Plan: Phased infill of roughly 12 lots/year with defined CapEx strategy.
Investment highlights
The MHP Value Team is pleased to offer for sale a 4.46- acre redevelopment opportunity located in Roswell, New Mexico, formerly operated as a mobile home park dating back to 1967.
The property is currently vacant and will require new infrastructure, including sewer installation, but can be connected to city water and sewer. The site also includes a decommissioned well that may be brought back into service. Local zoning and planning have expressed strong support for redevelopment, allowing for flexible use including a mobile home park, RV park, storage facility, or
other commercial uses with an approved business plan. Roswell continues to experience strong demand drivers, including the annual International Air Race which brings approximately 100,000 visitors to the area, along with a shortage of affordable housing following a historic flood in recent years.
The investment strategy assumes a phased infill of approximately twelve (12) lots per year at an estimated cost of $15,000 per infill, along with an initial $50,000 capital expenditure budget and ongoing annual capital expenditures of approximately $3,375, presenting a clear path to value creation through redevelopment.
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