This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

6 Bizarre Real Estate Opportunities

Amusement parks
Summer is on the way, and it will soon be peak season for theme parks and water slides. Some may be looking to go beyond buying a season pass and investing in these fun spots itself.

The recession has been rough on theme parks. Travel is down, and so are receipts at the gate. Rising gas prices could have a less-than-thrilling impact on those smaller, rural family-run parks that lie outside most tourist destinations -- the gator worlds and Christmas-themed petting zoos of the world.

If you want to buy one, do some research. Seek out local newspapers online, refining your search to uncover stories about struggling parks, foreclosures or decisions to sell.

Keep your focus as local as possible so you understand the market potential. You'll undoubtedly come across online sites and listings looking to sell equity shares in Russian and Eastern European amusement park startups and franchises. Even if they are legitimate, the price is high and prospects risky.

Don't assume only big parks are out there. The marketplace includes smaller, indoor locations in malls and at strip malls. They may be little more than arcades, but the right one could prove a potential opportunity.

To find opportunities, keep up with the trade publications and such professional organizations as the International Association of Amusement Parks.

Among the listings we came across in our search was an amusement park for sale in Nebraska. Established in 1980, it includes go karts, water slides and miniature golf. Total assets include $24,000 of inventory, $821,000 of equipment, vehicles, fixtures and furnishings, and buildings and land valued at $500,000. The asking price is $1.1 million.

We also found a 15-acre dinosaur theme park in Michigan that once featured a train ride, fake volcano and 35-foot waterfall. Included in the $548,000 asking price: an arcade, gift shop and 100 fiberglass dinosaurs.

On a far larger scale, earlier this month it was reported that NBC Universal -- or more accurately Comcast (CMCSK) -- may need to shell out upward of $1.6 billion to buy the 50% stake in Universal Studios Florida theme parks private investment firm Blackstone Group (BX) is seeking to sell by a June deadline. Failing to do so would open the door for private equity investors.

3 of 7

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,086.63 -26.91 -0.16%
S&P 500 1,987.01 +3.48 0.18%
NASDAQ 4,473.6970 +17.6810 0.40%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs