RV Park/Campground Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.7%
- Listing ID: 121597
- Posted On: Feb 27, 2012
- Updated On: Feb 14, 2013
Description
BAR HARBOR AREA CAMPGROUND AND RV PARK
Asking Price: $2,995,000
Gross: $458,400
Cash Flow: $255,000
225+ sites, 100+ of those sites are seasonal
130 acre parcel
Major tourist area
This is a fantastic opportunity to obtain a pristine park in a major northeast tourist area! This facility has an excellent reputation and is highly recommended by big-rigs because of its easy access when entering the park and its large pull-through sites. Over 70 sites are 100 feet long! Consistent financial history with quality financial statements. Low taxes. Beautiful grounds with great potential for growth!
2012 improvements include a new pavilion building, new pool furniture and additional WiFi service throughout park!
Facilities: This family facility is on a beautiful 130 acre parcel off a main road close to the Bar Harbor area. All updated facilities include a recreation room, pool, horseshoe pit, shuffle board, play ground, laundry room, propane filling station, bathhouse, pavilion and Wi-Fi. It consists of 225+ sites, 50 amp service in over 200 of those sites, daily, weekly, monthly and seasonal sites with full hookups.
Competition: This area has a lot of competition because it is one of the most popular destinations in the northeast. This park charges very low rates.
Growth/Expansion: Approximately 90 acres that could be expanded upon. Increase rates to area market prices.
Reason for Selling: Retirement
Contact:
Mia Caetano Johnson
Northeast Campground Brokers
Principal Broker
401-499-8360 cell
401-244-7480 fax
mcaetanojohnson@verizon.net
Amenities
- Wifi
- Club House
- Manager Office
- Store
- Laundromat
- Bathhouse
- Storage
- Pool
Park Information
Number of RV Lots: | 225 |
Year Built: | 1985 |
Size: | 130.0 acre(s) |
Financial Information (Actual)
Gross Income: | $474 |
Net Operating Income: | $260 |
Utility Information
Water: | Well |
Sewer: | Septic |