Contact Information
David McQuary
License: Florida Real Estate Broker
RV Park/Campground Details
- Price: $995,000
- Purchase Method: Cash, New Loan
- Cap Rate: 9.0%
- Listing ID: 4272566
- Posted On: Jan 13, 2024
- Updated On: Dec 11, 2024
Description
JUST MINUTES FROM THE GULF OF MEXICO, and short distance to Tallahassee, Fl. Tallahassee is the home of the FSU Seminoles. Just recently opened a BOAT/RV STORAGE THAT IS PROJECTED TO GROSS MONTHLY $15,000 to $20,000 per MONTH. We have had the property zoned and have been open for 2 weeks and we have 12 spaces occupied at this time. We are not able to provide income statements at this early stage of this project. When it is fully occupied the price will go up considerably. Based on projections at a 9% cap rate puts the property closer to a $2.2 million value. Recently constructed a 6 ft chain link fence with two rows of barbwire. Which provides superior security for this development. We are currently, negotiating with a bowling alley, restaurant, and arcade.
Will be a CASH COW!!! Great Deal you won't want to miss!!!
3-acre tract with (2) 6000 sq ft Pole Barns for covering boats and RVs.
6-foot galvanized heavy-duty fence surrounds the 2 pole barns. The fence has an electric gate, and Pin #'s are required to enter the property. Security cameras, lighting and 2 strands of barb wire on the top. Electric, City water, and City sewer available. There is a projection attached. This location should get all boaters headed north and south as a customer. The wear and tear on a trailer, truck, or a RV makes this location valuable to boaters and RV owners.
The property totals 3 acres, and one acre is not developed. We have used only 2 acres on this development for Rv/boat storage.
The conceptual plan shows 2 pole barns that can hold under roof 40 boats or RVs and space for 100 units of open-air parking. This property has so much more opportunity. About 75% of property has been developed. There is an additional acreage (C2 zoning) commercial corner that can purchased to do whatever you desire, subject to counties approval. The property is very valuable and less than a mile from the High School. This property has great upside. Drone shot available for you to see the property and the surrounding area.
This property takes very little management. The entry pad that requires a pin# makes the management an easy task. If payment isn't on time, you simply, delete the pin#.
There is an additional contiguous 13.5 acres to purchase or add a RV park. Growth is a strong possibility on this property. This property is in the growth pattern of this county.
email address: rowanashlry@gmail.com Ashley Rowan
Location
South of Tallahassee, just 5 miles from Gulf of Mexico.
Amenities
- Storage
Park Information
Number of RV Lots: | 100140 |
Year Built: | 2024 |
Average RV Lot Rent: | $150 |
Size: | 3.0 acre(s) |
Development Land: | This is land for developing a RV park. |
Financial Information (Pro Forma)
Gross Income: | $240,000 |
Operating Expense: | $40,000 |
Net Operating Income: | $200,000 |
Expense Ratio: | 16.7 % |
Debt Info: | 0 |
Utility Information
Water: | City |
Sewer: | City |
Video
Download Documents
- Floyd Gray Projections 2.pdf
- Canopy Oaks Recorded Plat.pdf
- Floyd Gray appraisal.pdf
- Floyd Gray Conceptual Plan.pdf
- Floyd Gray Rv Park.pdf