Seller Financing
Address
3664 N State Highway 78, Bonham, TX
Price
$ 2,100,000
Property Attributes
- MLS#20385979
- TypeCommercial
- CountyFANNIN
- CityBonham
- NeighborhoodWildlife Management
- Zip75418
- StyleBusiness
- Year Built2023
- Taxes$ 3167
- Price$ 2,100,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size13.59 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
OWNER FINANCING AVAILABLE w DEFERRED PAYMENTS! This is a fantastic new park in Bonham, TX just 2 minutes from Lake Bonham! Owners will be retaining and subdividing out a very small section to maintain their current fireworks stand and small roofing business office. This property is 2 parcels totaling 13.5 acres. Directly off the highway, you will find 37 completed asphalt RV spots with individual electric meters, wiring to each for private Wi-Fi, a wifi tower owned by the park, 23 spots planned and primarily paid for to the left of the completed 37 spots. Owner has purchased the big ticket items for those spots and the dirt work just needs to be done. Owner is building a laundry facility on-site with showers and a kitchen for the community. There is a large fishing pond and additional acreage to add yet another 60 spots for a total of 120! Projected income is stated in the listing for 37 spots. Proforma 60 Spots NOI is $307,714.29 1st year. Proforma 120 spots NOI is $615,428.00!
| Price History | |
|---|---|
| 7/19/2023 | Listed $2,100,000 |
General Features
| Heating | Other |
|---|---|
| Cooling | Other |
| Utilities | Aerobic Septic,Asphalt,Co-op Electric,Dirt,Electricity Connected,Gravel/Rock,Septic,Underground Utilities,Well |
| Ceiling Height | Other |
| Possession | Closing/Funding |
| Roof | Other |
| Exclusions | Small office building for owner's roofing business and fireworks stand |
| Year Built | 2023 |
| Tenant Pays | Electricity |
| Business Type | Mobile/Trailer Park,Residential |
| Business Name | Two Frogs RV Park |
| Unexempt Taxes | 3167 |
| Building Use | Other |
| Average Monthly Lease | 450 |
| Will Subdivide | No |
| Gross Annual Expenses | 20500.00 |
| Property SubType | Business |
| Subdivision Name | Wildlife Management |
| Zoning Description | RV Other |
| County | Fannin |
| Operating Expense Includes | Accounting,Insurance,Maintenance Grounds,Payroll,Supplies,Trash,Utilities,Vacancy Allowance,Water/Sewer |
| Property Type | Commercial Sale |
| Security Features | Security Lights,Wireless |
| Construction Materials | Other |
| Year Built Details | New Construction - Incomplete |
| Number Of Leaseable Spaces | 60 |
| Number Of Spaces Leased | 10 |
| Special Notes | Build to Suit,Phase I Complete,Survey Available |
| Status | Active |
| Directions | Take 78 North 32.8 mi. to Hwy 160 N.,Turn right onto TX-121 N.,17.9 mi.,Turn left onto N Texas State Hwy 121 0.6 mi. Continue on TX-121 N. Drive to S State Hwy 78 N 7 min (4.9 mi) Continue straight o |
| City | Bonham |
| Buyer Agent Compensation | 2 |
| Street Name | State Highway 78 |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/20385979 |
| Standard Status | Active |
| Buyer Agent Compensation Type | % |
Interior Features
| Flooring | Other |
|---|---|
| Total Stories | 1 |
| Total Units | 60 |
| SQFT Gross | 591980 |
| Lock Box Type | See Remarks |
Exterior Features
| Lot Features | Acreage,Cleared,Few Trees,Other,Pasture,Tank/ Pond |
|---|---|
| Lot Size Source | Owner |
| Parking Features | Asphalt,Drive Through,Driveway,Guest,Open,Oversized,RV Access/Parking,Other |
| Lot Size | 10 to < 50 Acres |
| Foundation | Concrete Perimeter,Slab,Other |
| Lot Size Area | 13.5900 |
| Lot Size Units | Acres |
| Building Area Total | 1440.00 |
| Road Frontage Type | Curbs/Gutters,Highway |
| Lot Size Square Feet | 591980.4000 |
| Lot Size Acres | 13.5900 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 75418
Price
Taxes
Visits
Year Built
Walkscore
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