1250 sqft. owner's home kitchen
1250 sqft. owner's home kitchen
1250 sqft. owner's home kitchen
1250 sqft. owner's home kitchen
1250 sqft. owner's home living room
1250 sqft. owner's home living room
1250 sqft. owner's home master bedroom
1250 sqft. owner's home master bedroom
1250 sqft. owner's home master bath
1250 sqft. owner's home master bath
1250 sqft. owner's home second bathroom
1250 sqft. owner's home second bathroom
1250 sqft. owner's home kitchen
1250 sqft. owner's home kitchen
1250 sqft. owner's home living room
1250 sqft. owner's home master bedroom
1250 sqft. owner's home master bath
1250 sqft. owner's home second bathroom

RV Park/Campground Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.2%
  • Listing ID: 1669369
  • Posted On: May 14, 2022
  • Updated On: Sep 21, 2022

Description

This is your perfect opportunity for a family-run business and residence, or to create a much larger campground on the property's 40+ undeveloped acres. There are 2 owners’ homes on this property. Both homes have 3 bedrooms and 2 bathrooms. The campground has 100 spacious RV campsites (90 full-hookups, 10 water/electric; 80% of sites are seasonal) with a picnic table and fire pit at each site. The size of the campsites ranges from 1900 square feet to 5500 square feet (average full hookup site is about 3000 sqft.). Many campsites have shade, and the business is currently run by 2 adults.

The current campground amenities are 2 fishing ponds, rec hall, playground, camp store, wifi, on-site propane dispensing, and well-kept grounds. The campground is a few minutes away from a very popular tourist area for millions of visitors each year.

There are many possibilities for this property: keep it as-is or expand slightly and run it with only 2 adults, or clear trees (which you can sell to a timber harvester) and expand even further. If you want to run the business with 2 or 3 adults, you can increase revenue by adding primitive cabins by the woods, or by adding more campsites around the border of the campground. Additionally, if you only need 1 owners’ home, the second home could potentially be used as a bed and breakfast or rental. If you want to have an employee-run campground, this property has plenty of room to add more sections of campsites, and 1 of the homes could easily convert into a seasonal cafe with offerings to guests and locals (buyer to check local zoning requirements for this possibility).

2021 gross income approx.: $143,000; operating expenses approx.: $33k

Location

The campground is a few minutes away from a very popular water tourist attraction area for millions of visitors each year.

Amenities

  • Storage
  • Manager Office
  • Bathhouse
  • Store
  • Wifi
Interested in purchasing this RV park? Get pre-qualified for a loan.

Park Information

Number of RV Lots: 100
Year Built: 1970
Average RV Lot Rent: $1,200
Size: 72.0 acre(s)

Financial Information (Actual)

Gross Income: $143,467
Operating Expense: $33,702
Net Operating Income: $109,765
Expense Ratio: 23.5 %

Utility Information

Water: Well
Sewer: Septic

Similar RV Parks for Sale