RV Park/Campground Details
- Purchase Method: Cash, New Loan
- Listing ID: 5491343
- Posted On: Apr 29, 2024
- Updated On: Sep 3, 2024
Description
50%+ IRR / 4X multiple investment opportunity for an experienced developer.
This property is already partially developed and cash flowing. All the predevelopment work for 40 RV sites and 50 hotel beds has been completed, including site plan design, path to full utility capacity, and informal site plan reviews. You could be breaking ground in as quickly as 150 days and completing construction in as quickly as 14 months.
The Enchanted Forest Resort aims to create a luxurious, resort-style hotel and retreat, brimming with amenities and activities for all types of guests. From high-end glamping in a luxurious 2,500sqft event house with panoramic views to budget-friendly tent camping, this resort will offer a diverse range of accommodation options to suit every price point. The planned unit mix is 50 hotel beds, 40 rv sites, and 10 tent campling sites.
The property sits on 20 acres of stunningly beautiful woodland, featuring over 10,000 trees, two serene ponds, an all-season creek, and a charming waterfall, the site plan has been thoughtfully designed to harmonize with the natural landscape, ensuring a truly immersive and tranquil guest experience.
View Offering Memorandum for development budget, pro forma financials, rent comparables, investment analysis, and more at this link: https://drive.google.com/file/d/1w9I-5drxXCVQiOlCN0yZ3Ir4Q-5tHUb0/view?usp=drive_link
Purchase the property out-right, joins us for a joint-venture, or participate as a limited partner. Let’s bring this vision alive!
Park Information
Number of RV Lots: | 40 |
Average RV Lot Rent: | $1,100 |
Size: | 20.0 acre(s) |
Development Land: | This is land for developing a RV park. |
Financial Information (Pro Forma)
Gross Income: | $1,587,203 |
Operating Expense: | $501,101 |
Net Operating Income: | $1,086,102 |
Expense Ratio: | 31.6 % |
Utility Information
Water: | City |
Sewer: | Treatment Plant |