RV Park/Campground Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 7.0%
- Listing ID: 3141805
- Posted On: Jun 13, 2023
- Updated On: Sep 19, 2023
Description
Located on the banks of the seasonally flowing Rio Grande River in Las Cruces, New Mexico. 12 RV sites includes 6 pull through and 6 back in sites. In ADDITION, there are 2 spaces for management AND 2 dry camp sites (with water). Each site is individually metered and includes 110, 30 and 50 amp service, septic and water. New electric/pedestals 2021. On demand hot water for restrooms and laundry recently installed. New laundry with 2 commercial rated washers and dryers. Full restroom facility includes 2 showers. 5.3 acres (L-2 zoning for possible expansion) easily accessed from State Hwy 185. Two ponds (total approx 1.75 acres). Fishing, nature-watching (birds, frogs, turtles, geese, ducks and more). Walking path around ponds approx 1/3 mile in length. Sitting area next to river. Property is serviced by an onsite well and septic system. Small group meeting room/conference room under construction. 24'x40' metal work/storage shed. 10'x20' storage shed. Small dock and paddleboat at pond. Month to month campers are responsible for their individually-metered electric useage. High speed wireless internet available throughout Park. Approx 1/3 acre grassy park area with several large picnic tables and a fire pit. IN ADDITION: APPROXIMATELY 1 ACRE OF THE PARK may be used for homesite or park expansion. Rio Grande RV Park is a family-owned business and can easily be managed by an onsite owner or camper. Local shopping within 5 min and Las Cruces business' 15 min. destination! Vacancies are few with a waiting list. Most campers long-term. We accommodate over-night and weekly campers when space is available. New owners since 10/2020 have reinvested nearly all income to rebuild and update park. Great business opportunity that includes 5.3 acres. Great UPSIDE: our fees are nearly the lowest in the area! Room to adjust fees!
Link to Current Videos:
https://www.dropbox.com/scl/fo/e2kvy2dapq17rjoj88lnd/h?rlkey=ujvfr57bn50fyxyv5u3236xga&dl=0
https://www.dropbox.com/sh/q0qo0buh8jcjtc4/AAChUO1utTtTpMbx1h_Zg3pLa?dl=0
Winter video (Our son, Josh takes a walk around Rio Grande RV Park)
https://www.youtube.com/watch?v=hGcPPyITG8M
Location
Semi-rural. 1 mile S/W of I-25 with State Hwy 185 frontage (North Valley Drive). Next to Rio Grande River.
Amenities
- Laundromat
- Storage
- Bathhouse
- Wifi
Park Information
Number of RV Lots: | 12 |
Year Built: | 1980 |
Average RV Lot Rent: | $400 |
Size: | 5.4 acre(s) |
Development Land: | This is land for developing a RV park. |
Financial Information (Actual)
Gross Income: | $55,000 |
Operating Expense: | $6,000 |
Net Operating Income: | $49,000 |
Expense Ratio: | 10.9 % |
Debt Info: | Treat as free and clear |
Utility Information
Water: | Well |
Sewer: | Septic |