A great investment opportunity in Lolita, TX, located approximately 11 miles from Formosa Plastics and approximately 20 miles from the coast. This property features 15 RV spots and 1 fully furnished manufactured home. The manufactured home is capable of holding 4 separate tenants and is made for convenience and comfort. Each rooms offers tenants their own personal bedroom, bathroom, sink vanity, and shower. Shared among tenants is a dining area, full kitchen, and washer & dryer. Outside, tenants have a shared porch and yard that offers ample space for parking and relaxation. The RV spots offer comfortable parking and space for the tenants to enjoy outside to cook, mingle, or relax. With the local plants expansion, the property has the potential to be in high demand as more jobs are being offered in the area.
This busy mobile home park in Lolita, nestled in the heart of the desirable Industrial School District, is just 10 miles from the nearly 2,500 acre Formosa Plastics petrochemical complex & is a short 12 miles from Point Comfort, TX. Featuring 8 mobile homes currently on site with room for 10 more this is your chance to enter the rental market or the perfect opportunity for you to round out your rental portfolio. These have been leased on both long & short term basis so the possibilities are endless. 2 of the existing homes are currently occupied and the property has 15 water/sewer taps and each spot is independently metered for power. Speaking of endless possibilities, this site is comprised 3 tracts that total 1.67 acres on both sides of the HIGH traffic count FM 1593. For the right minded buyer the potential for development here is REAL. A restaurant/bar, a drive thru beverage barn, a convenience store or an RV park are just a few of the potential uses for this unique property sitting in a distinctive high traffic location. Opportunities like this are few and far between, do not miss out!
The median home value in Lolita, TX is $291,500. This is higher than the county median home value of $172,000. The national median home value is $338,100. The average price of homes sold in Lolita, TX is $291,500. Approximately 41.62% of Lolita homes are owned, compared to 19.83% rented, while 38.55% are vacant. Lolita real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Lolita real estate agent to arrange a tour today!
Lolita, Texas has a population of 715. Lolita is more family-centric than the surrounding county with 67.73% of the households containing married families with children. The county average for households married with children is 34.38%.
The median household income in Lolita, Texas is $50,894. The median household income for the surrounding county is $60,807 compared to the national median of $69,021. The median age of people living in Lolita is 33.5 years.
The average high temperature in July is 91.3 degrees, with an average low temperature in January of 44.7 degrees. The average rainfall is approximately 42.8 inches per year, with 0 inches of snow per year.