Lake Fork Marina — Sale in Alba, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Alba, TX 75410
  • Year built: 1986

Photos

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Investment Figures

Cap rate
8.96%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present Lake Fork Marina and Motel, a full-service waterfront resort located five miles north of Alba, Texas, on Lake Fork. The property consists of approximately 6 owned acres and 9 additional acres leased from the Sabine River Authority, with a guaranteed additional 20-year lease term. Lake Fork is widely regarded as one of the premier bass fishing destinations in the United States, and this property has served as a cornerstone of the lake’s fishing community for over 40 years under the same family’s ownership. The property offers a diverse mix of revenue streams including 34 motel rooms, two newly remodeled suites, a duplex with two rentable units, 90 annual RV sites, 20 overnight RV sites, a tackle and retail store, non ethanol gasoline, propane, and coin-operated laundry. All motel rooms and suites were fully renovated in 2018. The RV park operates at 98 percent occupancy and typically maintains a waiting list for the annual sites. The property hosts five of the largest amateur fishing tournaments in the nation and draw consistent repeat business across multiple generations of returning guests. Lake Fork Marina is a recognized hub for the lake’s guide community. There are approximately 100 professional licensed fishing guides on Lake Fork, many of whom operate out of the marina. The tackle store doubles as the motel offices and serves as the social center of the property. The store features a coffee bar, convenience store items, a large selection of specialty fishing tackle, fishing licenses, and an upstairs gift shop. The gift shop is an eclectic mix of apparel, gifts and fishing decor. The property is served by public water, private sewage treatment, and Wood County Electric. All structures are reported to be in excellent condition and inspected annually. Operations are supported by approximately 20 employees, all of whom are expected to remain post-sale. Current ownership has indicated willingness to stay through a transition

Market Context

This multifamily in Alba, TX is listed for sale. It is offered at an approximate 9.0% capitalization rate, a key benchmark for income-producing multifamily assets. The building dates to 1986. Compare it against other multifamily listings for sale in Alba, TX — view the full market.

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