Summary

  • Sales Price $800,000
  • Lease Expiration 5 Years*
  • Land Size 282.82 AC

*This offering is for the sale of a leasehold interest in 282.82 acres owned by the US Army Corps of Engineers and the ownership of all related improvements. The United States lease will renew every 5 years with the approval of the Lessee’s business plan to provide facilities and activities in connection with the recreational use of the property.

Opportunity to acquire a successful campground and marina business situated on 282 acres owned by the US Army Corps of Engineers on beautiful Lake Somerville. Located on the northwest side of the lake, the property offers more than a mile of pristine shoreline, improved with 10 elevated cabins, a retail store, a boat launch, 100+ RV sites, an entertainment pavilion, restrooms/showers, and more than 40 acres of primitive camping area. Lake Somerville is 11,630 acres and 85 miles of shoreline, central to Houston, Austin, and Bryan-College Station, attracting hundreds of thousands of visitors each year. This is a turn-key campground business with many recent renovations and includes all fixtures, maintenance equipment, and reservation systems in place to continue current operations or expand for greater profitability.

Highlights

  • — Lake Somerville is central to Houston, Austin, and Bryan-College Station
  • — Turn-key campground and marina business, offered significantly below replacement cost
  • — 5,000 SF store with electrical and plumbing in place to add kitchen/grill
  • — 10 freshly renovated rental cabins overlooking Lake Somerville plus 2,100 SF modular home
  • — 100+ RV camping sites with 30-50 amp electrical service9 full-service
  • — RV camping sites offering 50 amps, water, and sanitary sewer
  • — New water system and electrical wiring throughout park, newly remodeled restrooms
  • — Multiple tractors, mowers, implements, welder, vehicle, and tools
  • — Boat launch with four (4) ramps, outdoor boat/RV storage, and 40 acres of primitive camping
  • — Favorable land lease with Corps of Engineers, starting at 2% of gross revenue

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