RV Park/Campground Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 10.0%
- Listing ID: 399827
- Posted On: Sep 6, 2013
- Updated On: Jun 12, 2017
Description
The Elwha Dam RV Park is well established, profitable and growing. The park is located on 18 acres (7.5 of which remain undeveloped) on a National Scenic By-Way adjacent to Olympic National Park on Washington’s Olympic Peninsula minutes from Port Angeles. There are lots of recreational opportunities available from the park such as:
Fishing in the Elwha River or salt water fish;
Enter the Olympic National Park for hiking, winter skiing;
Bicycle the Olympic Discovery Trail
The 18-acre park is developed into 52 RV spaces, a large tenting area, a owners home, office and shop, bath house, laundry. (Also available is arental house, and cabin). Presently the bath house and shower is being updated and a new meeting room with laundry added to the park. Additionally there are three ponds, several chain saw carved tree art pieces and play and bbq area. In winter of 2012 12 pull-thru big rig sites were added and filled immediately with a corresponding increase in revenue.
This facilities sparkling clean facilities and friendly staff has built a large following of repeat customers. The Seller will provide some financing and is able to remain for a while to insure a smooth transition to a new owner and to be available for counsel as needed after the sale.
The undeveloped acreage and dating of some of the facility offer a new owner a lot of upside potential. The price reflects a 10 CAP on income and the value of the undeveloped land.
Call Will Stout, Stout Realty, Llc 206.841.9556.
Amenities
- Laundromat
- Storage
- Manager Office
- Bathhouse
- Store
- Wifi
Park Information
Number of RV Lots: | 52 |
Average RV Lot Rent: | $4,800 |
Financial Information (Actual)
Gross Income: | $262,800 |
Operating Expense: | $75,832 |
Net Operating Income: | $162,968 |
Expense Ratio: | 28.9 % |
Utility Information
Water: | Well |
Sewer: | Septic |