Contact Information

Carrie Sieger

JTACR Real Estate Group

CONTACT BROKER

Price: $925,000
Listing ID: 6915537
Posted On: Jun 11, 2025
Updated On: Jun 11, 2025

Description

JTACR Real Estate Group is pleased to present Misty Lane Mobile Home Community: a community under absentee ownership, situated in the outskirts of the Texarkana metro area, just off of S Kings Hwy.

The community has been in operation for 20 plus years, and is on it’s second owner.

The community serves a long-term customer base and is serviced by public water and sewer. Tenants pay their own electricity, water, and sewer. Trash is paid by the park ownership.

Current ownership has spent the last three years slowly improving the 16 park owned homes to come back to the rent market at a higher rent. Ownership has successfully completed rehabs on 6 of the units, with 10 more units remaining that have recently been vacated. Additionally ownership has done exterior improvements including landscape upgrades, road upgrades, and many roof repairs on the homes.

This opportunity is currently not stabilized and is an excellent opportunity to add value in filling vacant sites, completing remodels of the park owned homes, and selling off the home portfolio.

Location

TexAmerica’s Center Expansion -
As one of the largest mixed-use industrial parks in the U.S., TexAmericas Center has seen significant growth, including the addition of 47 companies and the creation of 1,453 jobs. In 2024, the center reported a $91.4 million payroll and invested $70 million in infrastructure and remediation.

$2 Million State Grant -
In December 2024, the Arkansas Economic Development Commission awarded $2 million to AR-TX REDI to further develop the 1,362-acre REDI Arkansas Manufacturing Center, aiming to attract new manufacturing businesses and create jobs.

Fiber-Optic Broadband Initiative -
AR-TX REDI, in partnership with Bowie County, Texarkana College, and Four States Fiber, is constructing a 131-mile fiber-optic network around Bowie County. This project aims to provide affordable high-speed internet access to residents and businesses, with initial connectivity expected within months.

Assembly Line Incubator -
A new downtown business incubator, The Assembly Line, is set to foster entrepreneurship and innovation. Supported by a partnership
between Texarkana College, Texas A&M University–Texarkana, and the City of Texarkana, this initiative will offer resources for startups and
small businesses.

Casey’s General Stores Expansion -
Iowa-based convenience store chain Casey's General Stores plans to open a new location in Texarkana by the end of 2025, as part of a broader strategy to add approximately 270 stores across Texas Higher Education Collaboration: Texarkana benefits from a robust educational ecosystem, with institutions like Texas A&M University–Texarkana, Texarkana College, and the University of Arkansas Hope Texarkana. These institutions collectively enroll over 37,000 students and award more than 10,500 degrees annually, providing a skilled
workforce to support regional industries.

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