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423 TX-114 - Kenna Ranch RV Park 2,970 SF Specialty Building Offered at $523,470 CAD at a 8.61% Cap Rate in Megargel, TX 76370

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EXECUTIVE SUMMARY

- 8 Total RV Spaces
- 1 Lot Rent:
30-amp @ $400/month
50-amp @ $450/month
- 7 Park-Owned RVs Included in Sale:
2 rents @ $700/month
5 rents @ $750/month
- All utilities included in rents
On-Site Laundry Facility – Tenants pay $35/month
High Occupancy with Long-term tenants
- Expansion Opportunities
Vacant land for future development
Add RV spaces, mobile homes, cabins, storage units, or 18-wheeler parking
- Living in Megargel, TX is a unique experience. The town is small but full of charm and character; it has a rural atmosphere with lots of friendly people and beautiful scenery. There are plenty of outdoor activities to enjoy, such as fishing, hiking, biking, and more. The community is close-knit and supportive; locals often come together to host various events throughout the year. Despite its size, Megargel has several shops and restaurants that offer delicious local cuisine. All in all, living in Megargel is an enjoyable experience for those who appreciate the slower pace of life that comes from living in a small town. Medium-size metro area set in the plains and rolling hills of Texas. Primary industries include military and manufacturing.
- Located in northern Texas, 115 miles northwest of Dallas and 120 miles south of Oklahoma City, Oklahoma.

PROPERTY FACTS

Price $523,470 CAD
Price Per SF $176.25 CAD
Sale Type Investment
Cap Rate 8.61%
Gross Rent Multiplier 7.26
Property Type Specialty
Property Subtype Trailer/Camper Park
Building Class C
Lot Size 2.00 AC
Building Size 2,970 SF
No. Stories 1
Year Built 1970
  • Listing ID: 37318867

  • Date on Market: 2025-08-18

  • Last Updated:

  • Address: 423 TX-114, Megargel, TX 76370

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