Contact Information

RV Park/Campground Details

  • Price: $6,000,000
  • Cap Rate: 5.1%
  • Listing ID: 6745578
  • Posted On: Oct 10, 2024
  • Updated On: Oct 10, 2024

Description

Sands Investment Group is Pleased to Present Exclusively For Sale the 50.89 Acres North Bay Shore Campground Located at 3257 Colechester Road in Virginia Beach, Virginia. This is a One-of-a-Kind Waterfront RV Campground in a Highly Desirable Area. The Property is Surrounded on the Waterfront Side By Wildlife Refuge That Can't Be Developed to Help Preserve the Unique Tranquility of the Park, Providing For a Secured Investment.

PROPERTY HIGHLIGHTS:
• One-of-a-Kind Waterfront RV Campground in a Highly Desirable Area; This Property is Surrounded on the Waterfront Side by Wildlife Refuge That Can't be Developed to Help Preserve the Unique Tranquility of the Park
• Expansion Opportunities Grandfathered in to Expand the Size of the Park on Its 50+ Acres of Waterfront Property
• Minutes From the Atlantic Ocean Beaches by Boat or Vehicle and Minutes to Dock and Dine Restaurant by Boat
• Amenities Include: Boat Ramp Onsite, Dockage Available, Pool, Game Room, Sports Courts, Playground, Bathhouse, Kayak & Canoe Rentals and Pavilion
• Multiple Additional Revenue Streams to Include: Park Store Selling Supplies, Ice, Refreshments, Firewood and Bait, Boat & RV Storage, Boat Ramp Fees and RV Pump Out Trailers Onsite
• Multiple Value-Add Plays to Include: Bringing Park up to 200 Total Approved Sites, Many of Which Could Be Waterfront; Sites Could Either Be Developed as RV or Tent Camp Sites to Keep Costs Down or Adding to the Boat and RV Storage
• Park Often Fills Up With Local Travelers on the Weekends
• Workshop and Maintenance Pole Barn With Tractor and Equipment Onsite
• 110 Total Sites to Include: 6 Cabin, 10 Tent Sites and 94 RV

Location

Renovated in 2023

Amenities

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

Park Information

Number of RV Lots: 94
Year Built: 1967
Size: 50.9 acre(s)

Financial Information (Actual)

Gross Income: $687,050
Operating Expense: $381,864
Net Operating Income: $305,186
Expense Ratio: 55.6 %

Utility Information

Water: City
Sewer: City

Download Documents

Other Listings by SIG Marketing