4514 Colorado StMonahans, TX 79756

  • Commercial real estate
  • 1,266 SF
For Sale
$1,500,000 View listing

Property Details for 4514 Colorado St

Lot size
7.64 AC
Property size (Sq ft)
1,266 SF
Property type
Commercial real estate
APN
4874
APU
4874

Description

This exceptional investment opportunity presents a well-established RV park situated on a spacious 7.64-acre lot at 4514 S Colorado St, Monahans, TX. The park boasts a total of 66 RV spaces, with six featuring metal awnings for added convenience and protection. Currently, 50% of the spaces are occupied, presenting immediate income potential and significant upside for growth. On-site amenities include a manager's office, ensuring efficient park management, and laundry facilities for resident convenience. A fenced playground provides a safe and enjoyable space for children, while a newly constructed BBQ area offers a communal gathering space. The entire property is securely enclosed by a metal fence. The park's 1,200 square foot main building houses the manager's office and laundry facilities. Electric and water are included in the rental fees, adding value for residents. This turnkey operation is priced at $1,500,000 and offers a compelling return on investment in a growing market. The property's size and existing infrastructure provide ample room for expansion and further development, allowing for increased revenue streams and enhanced resident experiences. This is a rare opportunity to acquire a profitable and well-maintained RV park in a desirable location. The current occupancy rate and existing amenities provide a solid foundation for continued success and future growth.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $214,984
    Hospitality
    $196,924
    Educational
    $163,839
    Medical
    $169,474
    Retail
    $254,860

Location Insight

City
Monahans
County
Ward
State
Texas
Latitude
31.5409
Longitude
-102.917

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$2,071
$7,790
$150,100
$157,890
-
$7,790
$150,100
$157,890

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].