RV Park/Campground Details
- Purchase Method: Cash, New Loan
- Cap Rate: 5.1%
- Listing ID: 3194410
- Posted On: Jun 21, 2023
- Updated On: Aug 18, 2023
Description
*GREAT INVESTMENT OPPORTUNITY LOCATED LESS THAN 8 MILES TO D'TOWN H'VILLE* Unique opportunity to own approx 8.72 acres in the heart of WNC. Outdoor enthusiasts love the short drive to Chimney Rock, Asheville, Brevard & national forests. Currently operating as a highly successful RV park w/office, warehouse & rec hall onsite. Financials based on 24 operating sites - an additional 34 sites non-operational at this time but could be improved to provide upscale potential. LC zoning could allow for higher density (buyer to verify with Hend Co. Planning Dept). Current guests are a mix of extended stay and short term and the park remains solidly booked with consistent inquiries. Additional financials available upon request. (A few larger, one-time expenses included in P&Ls, including soil scientist testing, surveying, master plans, previous demo, etc.)
Approved county sewer project for Hwy 64 will provide public sewer option in next few yrs (buyer to verify). Fiber optic avail at road (not on site). Approx 283' commercial road frontage on Hwy 64. Acreage approximate: Pending survey & final subdivision approval including septic easement by Henderson County prior to closing. Additional 1 acre and owner/Mgr residence available for separate purchase.
Location
Hendersonville NC is nestled 20 miles S of Asheville, NC. Centrally located to multiple breweries, cideries, wineries, local attractions, farms and more.
Park Information
Number of RV Lots: | 24 |
Size: | 8.7 acre(s) |
Financial Information (Actual)
Net Operating Income: | $101,367 |
Utility Information
Water: | Well |
Sewer: | Septic |