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South Padre Resort Development & Adventure Park
This prime waterfront location offers stunning views and direct access to South Padre Beach, making it a sought-after destination for vacationers, fishing enthusiasts, and boaters. With an established clientele, the business benefits from a loyal customer base that ensures strong seasonal and year-round traffic. Multiple revenue streams, including horseback riding, petting zoo, and ziplining. The full-service facilities feature well-maintained horse stable, while the expansive 39 acres of land come with approved zoning for industrial, commercial, and residential development, presenting significant expansion potential. Operating as a turnkey business, it is fully equipped with operational systems already in place, supported by a strong financial history and consistent revenue growth. Nestled in a picturesque area, this recreational hub is perfectly positioned to attract tourists and capitalize on its scenic surroundings.
Listed By: Donnie Adams
Background information
Reference:
82525
Year established:
1989
Reason selling:
Retirement
Finance
Sales:
Undisclosed
Operations
Employees:
11
Premises
Square footage:
39 Arces
Rent and lease terms:
Property for Sale
Location:
South Padre Island
Opportunities
Growth:
39 acres of land come with approved zoning for industrial, commercial, and residential real estate development.
Price and terms
Price:
$19,500,000
Down payment:
$9,750,000
Financing:
Selling Financing Down Payment: $9,750,000 Terms: Amortized over 25 Years at 4% interest = $51,837.75 Monthly Payment with balloon payment of $8,740,546.66 due in Year 5.