wild thing

iTrader: (2)

http://www.hmpspeedway.com/

quickblade

owner returning to australia.... huh.

SonicBoom

iTrader: (1)

Wonder what the asking price is?


edit: Nevermind, found it.

red281gt

iTrader: (6)

how much?

SonicBoom

iTrader: (1)

The asking price is $4,600,000 and they listed the pro forma cap rate at 11.1% (but I wouldn't put too much stock in that alone).

Bad Chad

iTrader: (94)

David, the other Brother/owner moved back to Australia a little over a year ago. I guess Gram is ready to go back also.

dickster86

iTrader: (6)

4.6 mil

red281gt

iTrader: (6)

ga damn!!! thats alot of cash ... I wonder if HMP cost that much how much would HRP cost lol

Camaroholic

iTrader: (1)

Time for Nine Ball to step up.

The Postman

iTrader: (44)

01z

iTrader: (3)

that would be cool to own that place. i hope it doesnt shut down, its the closest track to my house

K.T.

iTrader: (1)

My question, is how profitable is a racetrack? There looks to be lots of overhead when owning it.

Nine Ball

iTrader: (38)

Land in that part of town is very cheap, it is centrally located at the corner of ghetto and trailerpark. I don't see overheads being too much, other than cheap labor. Expensive part is mostly done.

Hope it stays open, we need more tracks in Houston. Sure would be nice to have a track in Conroe/Woodlands.

BigBronco

iTrader: (2)

Just go pick it up Tony.

Deerhunter-Z28

Damn, seems like a lot of green for an 1/8 track. I could see HRP getting that much especially since they host an NHRA event.

ZONES89RS

iTrader: (25)

Couldnt say that any better!!!

Well, for that much money, you couldnt afford to prep the track any better than they do now...

01z

iTrader: (3)

x2 its a pain in the *** to drive to baytown or that track in sealy, which i will never return to. grass pit area = lame

bigfatls6

iTrader: (34)

I am pretty sure if you buy it it will come with the round track also. I hope they plan on paying Huttel the money they owe him also that he invested when they built the place. Maybe a drag racer will buy it this time.

BADZ

iTrader: (5)

Well said!!!!

-Ross-

iTrader: (2)

I agree. There needs to be one on the south side of town too. Hwy 288 south of Pearland and Manvel would be a perfect spot. This would draw everyone from Pearland/Friendswood/Alvin/Sugarland/Missouri City/Angleton/Lake Jackson.

I bet it is very expensive to insure these tracks.