RV Park/Campground Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 8.1%
- Listing ID: 1913340
- Posted On: Oct 19, 2022
- Updated On: Jan 18, 2023
Description
30 space RV Park with an 11 door motel in Cascade, Idaho that was fully renovated this past year. 24 new self storage units in the storage yard with layout for 27 additional storage units and 31 covered RV bays, which is greatly needed in this area. The current storage units are 100% occupied with a waitlist.
The RV park has full hook-ups, a club house, laundry/bathroom building, two rental units/staff housing (beautiful log cabin home that could be owner/operator housing), propane sale station, and two fish cleaning stations. The rv park stays 90-100% full from May-October.
This is on approximately 6+ acres in a mountain resort town with highway frontage. The rv park and motel are both on city water and sewer.
This also includes the 1+ acres adjacent to the property. We had planned to either add additional rv spaces or build an extended stay motel wing. This lot has power, water, and sewer on it already and is INCLUDED in this sale. This additional land has highway frontage as well. There is a park model home that can used as a rental, an Airbnb, or staff housing.
We decided to close from October 15-January 15 this year to give us time to operate other businesses that we have going. New owners could easily remain open to service the winter guests and hunting parties. We will reopen in time for the ice fishing tournaments. We would love to find a buyer during this down time so that the transition can happen before reopening.
Please do not reach out to the property. Contact Crystal or Josh with any questions.
Crystal- 208.340.6092
Josh- 208.391.9943
Location
Cascade, Idaho is located an hour and 20 minutes North of Boise and 25 minutes South of McCall.
Amenities
- Laundromat
- Club House
- Storage
- Manager Office
- Bathhouse
- Wifi
Park Information
Number of RV Lots: | 30 |
Average RV Lot Rent: | $650 |
Size: | 7.5 acre(s) |
Financial Information (Actual)
Gross Income: | $395,818 |
Net Operating Income: | $285,154 |
Utility Information
Water: | City |
Sewer: | City |