Anchor Inn Marina and Resort
800 Tomahawk DR,
West Tawakoni, TX 75474
Rare opportunity to acquire waterfront value-add Marina & RV Park
$2,600,000
Offering Price
$182,797
NOI
7.03%
Cap Rate
$30,233
Price Per Key
86
Total RV Spots
7
Total Cabins
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$2,600,000
Offering Price
$182,797
NOI
7.03%
Cap Rate
$30,233
Price Per Key
86
Total RV Spots
7
Total Cabins
Awesome Opportunity with Great Upside!
The Intrepid Group, LLC is pleased to offer this beautiful tree-filled property to our clients as an off-market opportunity. This property presents a cash-flowing development opportunity with city services (water, sewer, and electrical). Ideally located only one hour away from downtown Dallas, about an hour from Tyler, and 2.5 hours from Waco, this property can easily be repositioned from its current use of long-term tenants to a more transient experience. Providing a meeting hall, glamping tents, activities and rental boats would be a surefire way to keep guests coming back for more!
Situated on a peninsula consisting of over 172 leased acres, the property currently has 86 RV spots available of which 75 are designated long-term. There are also 6 MH lots that are being phased out as leases expire, 11 motel rooms, 7 cabins, and 6 shelters providing a total of 116 units. The marina consists of two boat docks with 32 covered slips and 5 uncovered slips. A boat ramp and dock are available within the park. Utilities run almost the entire length of the peninsula with 6 lift stations scattered throughout the park.
Development opportunities include reimagining the property from its current use as a long-term RV park to a resort-like experience. With its location on the peninsula, Anchor Inn serves as the perfect backdrop for family reunions, weddings, and other retreats. With the right marketing and proper vision, Anchor Inn is sure to be the jewel of Lake Tawakoni! There is even an opportunity in leaving it as a long-term park simply by raising rates and cleaning out the older RVs and MHs. Rates are well below market rates and expenses are extraordinarily high for this type of property. Contact us today for a quick overview of the park!
Sabine River Authority Notes
The SRA is currently updating regulations toward development and lease structure.
Location Summary
Located 1 hour away from Dallas, 1.25 hours from Tyler and Fort Worth, 2.5 hours from Waco, and 30 minutes from Rockwall, Anchor Inn is within a 120 miles of more than 10 million people!
FOR MORE DETAILS CONTACT
Peter Meyer
President
(713) 320-9651
peter@gcbrokerage.com
9001219
David du Menil
Director - Texas
(254) 242-8129
David@TheIntrepidGroup.com
761631 - B
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