Hospitality•Full Service•For Sale

Campground For Sale - Cabin RV Tent

3660 Tanglewood Trl, Spring Branch, Texas 78070-5394

Sale Price $1,500,000
Sale Type Investment
Bldg Type Multi-Tenant
Class C
Cap Rate 11.00%
Gross Bldg 6,000 SqFt
Land Area 14 Acres
Improvements Activities Activities are available on the 14 acres, including horseshoe court, volley ball area and a children's playground. Tube and kayaks are available for rent. Fishing is a big deal here. White Bass run into the cove and a 78lb catfish was once caught. There is a huge chasm that has been christened Canyon Gorge, it was formed by the 2020 flood. Tours are available. Property Description The 14 acres is located on a unique bend of three water ways, the Guadalupe River, Rebecca Creek and Schultz Creek. This patch of river is a great source for fishing, boating and swimming. There are 2 natural spring creeks along with the nearby Guadalupe River. Destinations Nearby 10 minutes - The local Mexican Restaurant is Sandra’s Cantina & Grill. 10 minutes - Rebecca Creek Country Club 10 minutes - Canyon Lake 10 minutes - Fischer Texas 15 minutes - Canyon Dam and Canyon City, a popular destination for tubing on the lower Guadalupe. 20 minutes - Wimberley's, Jacobs Well 25 minutes - the historic Gruene Dance Hall, is the oldest operating Dancehall in Texas, with great music 365 days a year. 25 minutes - 'River Road' in Comal County is known for its tubing and rafting 25 minutes - New Braunfels is home to Schlitterbahn Water Park, Wurstfest and more 50 minutes - Boerne Texas's, “Cave Without a Name".
Net Op Inc $165,000
Market San Antonio
Sub-Market Canyon Lake
The campground sits on 14 acres of land. Electric and Septic available for cabins and RVs. Water provided by Cypress Cove. This sale is based off of the 165,000 NOI providing an 11% Cap rate. Other sources of income include: Tent space rentals Firewood Laundromat Cabins RVs This property is located on a unique bend right where Rebecca and Schultz Creeks meet. The Guadalupe River is 1,020ft from property line. Canyon Lake public boat ramp #11 is just one block from the campground.
  • 11% Cap Rate
  • Water front on the Schultz Creek
  • South side of river meets Rebecca Creek
  • 14 acers of land
  • 34 RV Spaces currently, 56 capacity
  • 15 Cabins
2/7/2020 10:43:51 PM 2/20/2020 5:39:23 PM
Kristin Schmidt
Advisor
NCG Commercial Real Estate
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