A developer outlines converting raw land into truck stops and RV parks along a Houston-to-Lufkin corridor. A 30-acre parking lot could generate $5 million annually. An RV park with 150 pads could be worth $8 million.
Are you in the deal room? Raw dirt. We got to figure out how to make that raw dirt make money. And now what it's telling us is that we can make $5 million a year if we just turn 30 acres of the 100 into a parking lot. So that's in the opportunity zone impact. Why this corridor will need one is because of it being between Houston, Lufkin, and Nata Guches. Good thing is I know, I know about half a dozen truck stop operators and I got one that actually wants to build. So RV park, strong demand, financial model, 150 pads, values $8 million.
