RV Park/Campground Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 4.8%
  • Listing ID: 1524926
  • Posted On: Sep 30, 2021
  • Updated On: Mar 31, 2022

Description

Three Parcels - 6600-57-0549 )30.38 acres) , Parcel 6600-58-5154 (2.29 acres), Parcel 6600-68-2006 (4.64 acres). Waterfront with boat ramp, multiple boat slips, boat lifts. Welcome to Cotton Patch Landing, a family owned and operated business and RV campground. Once in a lifetime business opportunity! Live and work on beautiful Blount's Creek. Legendary Cotton Patch Landing- includes marina with gas pumps (2000 gallon gas tank), 9 boat slips on main dock, additional boat slips near camp ground and over night rentals, workshop, dry storage (75ft x 200ft), picnic area, kayak and paddleboard rentals, 25 bay dry storage facility, 32 camper lots, 4 cabins, a rental house, plus a primary residence and more. This business also comes with all the equipment you will need to run the business- a 2016 John Deere Utility Tractor, 2016 John Deere Loader, 2015 John Deere ZTrack, 2014 GMC Sierra Gas Truck. The store at the marina includes a Serv Ware Upright freezer, True 2 door slide glass cooler, 2 True single door beer coolers, Beverage Air Ice Cream freezer, 2 Paddle boards, 1 Tandem kayak, 2 fishing kayaks, 6 single kayaks, assorted paddles and vests. Kayak trailer and craftsman lawnmower. Multiple revenue streams insure a consistent, regular cash flow. Earn revenue from boat slip, dry dock, camper lot, cabin rentals. Bath house has showers and washer and dryers available to overnight guest. There is a well equipped 5 bay workshop for boat repairs not to mention the marina offers the only gas available on the water in that area of the river. This property offers plenty of room to expand with several acres yet to be developed.• Check out the website, then come see what Cotton Patch has to offer. Whether you want to go fishing or spend the day having fun on the water, launch your boat at the deep water ramp. If you don't have a boat, they have kayaks to rent.• Come in the store and find just about anything you need for boating and fishing. They carry an assortment of snacks, cold beverages, sunscreen, sunglasses, hats, t-shirts, etc. LP and marine gas also available.• overnight docking to yearly rentals for the wetslips, boatlifts, outside storage and dry storage bays. Water and 30-amp hook-ups available at wet slips.• Cotton Patch Marina is Wildlife Service Agents, supplying fishing and hunting license, boat registrations, with notary onsite. Fantastic opportunity to live the dream and make a great living while you are doing it.

Location

2018 Cotton Patch Road, Chocowinity, NC, 27817

Amenities

  • Laundromat
  • Storage
  • Boat Access
  • Manager Office
  • Bathhouse
  • Store
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Park Information

Number of RV Lots: 32
Year Built: 2014
Average RV Lot Rent: $200
Size: 37.3 acre(s)

Financial Information (Actual)

Gross Income: $535,000
Operating Expense: $367,000
Expense Ratio: 68.6 %

Utility Information

Water: City
Sewer: Septic