The Texas Music River Ranch (TMRR) is an intriguing property located approximately 15 miles from downtown Austin, TX (The Live Music Capital of the World). The property will be +/- 90.00 acres after the current owner surveys out a small portion for a family compound.It has riparian rights to the lazy Colorado River which borders the western side of the property. The TMRR could be developed into a gorgeous RV park overlooking the Colorado River and onsite pond. It also could be further developed into a bustling live music event center (where the foundation has already started to be laid). At only $33,333/acre there are a myriad of possibilities for a creative investor!
The following items are already on site and included with the parcel:
Main cabin with office (Bedroom, kitchen, laundry, back porch with stage)
32' x 32' portable stage
12' x 12' river stage
One cabin (1 bed/1bath, fully functional)
One cabin (ADA compliant)
Over 100 campsites (primitive camping)
12 port-a-potties
4 portable handwashing stations
Cottage (one bedroom, fully functional)
8 outdoor showers
4 RV hookups (full)
10 RV hookups (electrical & water only)
16' x 32' storage shed
Food Trailer
The park is already hosting some smaller music festivals:
"Medicine for the People Festival". This is a two day festival that brings in around $15,000 annually. Approximately 700+ in attendance with three stages.
"Solar Punk Festival". This is a two day festival that brings in around $8,000 annually. Approximately 500+ in attendance with two stages.
"Ecstatic Forrest Festival". This is a two day festival that brings in around $15,000 annually. Approximately 700+ in attendance with multiple stages.
"Sol River Jamboree". This is a two day festival that brings in around $11,000 annually. Approximately 600+ in attendance with two stages.
In addition to the music festivals listed above, the property is currently generating additional income by hosting the following events:
Many smaller bands/shows averaging $1,000 to $2,000 per event.
Weddings (Host multiple weddings per year and average $1,000 to
$2,500 per wedding)
Birthday Parties (Host multiple birthday parties per year and average
around $550/four hours)
Hipcamp camping generates $5,000 annually (and is growing).
Cabin Rentals (Cabins rent from $150 to $500/night).
4 full-hookup RV sites generate $100-150/night.
10 RV spots to rent ($75/night).
Unlimited primitive camping sites ($25-100/night).
VIP camping on the river (Starting at $45/person).