RV Park/Campground Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.0%
  • Listing ID: 4377214
  • Posted On: Feb 2, 2024
  • Updated On: Feb 17, 2024

Description

Gold Rush Realty is pleased to offer this beautiful KOA branded campground for sale. What a fantastic opportunity! The Ellensburg KOA, the regional leader in outdoor hospitality, is located along the banks of the Yakima River between Spokane and Seattle with easy access to I-90 with an amazing staff and an awesome manager. This will be a record season with the first-time promoting the four weekends of Halloween celebrations with festivities, prizes, and fun for the whole family! The park offers a wide array of resort-style amenities like a heated pool, kiddie pool, outdoor kitchen patio, 2 dog parks, 2 restrooms/shower buildings, 3 playgrounds, horseshoes, tetherball, volleyball, basketball court, Wi-Fi, and outdoor movies. Approx. Unit mix includes 90+ RV sites, 4 cabins, 3 riverfront Teepees, 28 tent sites, 1 fully furnished 2/2 airbnb, and a furnished A-frame apartment. Enjoy additional revenue generators such as the propane filling station, fully stocked general store, brick-oven pizzas, public boat launch, open storage, firewood bundling equipment, honey wagon service, and the laundromat. Open year round, this is a high-volume summer vacation transient type of business with limited long-term customers during the winter months.
*OM and detailed P&Ls available upon request*
**Confidential listing** Please do not disturb staff or customers. Call the owner directly, Merry Motley, Texas LREA/Owner 512-217-0624 present your LOI to Ellensburg Camp Resort LLC @ merrymtx@gmail.com
sales price based and 8% CAP based on the budgeted, Year 1 NOI.

Location

Opportunity Zone!
This unparalleled opportunity encompasses more than 15 commercial acres with frontage on both sides of Thorp Hwy and I-90 in a high growth Corridor of the Pacific Northwest! Central Washington University is nearby, and the famous Labor Day weekend Rodeo brings visitors from all over the nation! This is truly a prized location for one super lucky buyer! Not inside the city limits, private water well, septic tanks, and 12,000 kw of solar!

Amenities

  • Laundromat
  • Pool
  • Club House
  • Storage
  • Boat Access
  • Manager Office
  • Bathhouse
  • Store
  • Wifi
Interested in purchasing this RV park? Get pre-qualified for a loan.

Park Information

Number of RV Lots: 132
Year Built: 1973
Average RV Lot Rent: $100
Size: 15.7 acre(s)

Financial Information (Pro Forma)

Gross Income: $1,162,043
Operating Expense: $560,678
Net Operating Income: $601,365
Expense Ratio: 48.2 %
Debt Info: Cash, New Loan

Utility Information

Water: Well
Sewer: Septic