Sands Investment Group is Pleased to Exclusively Offer For Sale the New Development Fly South RV Campground Located at 535 County Road 1196 in Cullman, AL. This Deal is Priced Below Replacement at $15,546 Per Allowable Lot; 42 Lots Developed, 77 Additional Lots Approved Conveniently Located in Cullman, AL Right Off the I-65 Corridor 1 Hour From Birmingham, 1 Hour From Huntsville, 2 Hours From Nashville and 3 Hours From Atlanta, Providing For a Secured Investment.
PROPERTY HIGHLIGHTS:
• Priced at $15,546 Per Allowable Lot; $44,047 Per Operating Lots; 42 Lots Currently Operating, 77 Additional Lots Approved
• Park Opened Doors in Q1 2024 and Has Seen Strong Growth in Occupancy
• Conveniently Located in Cullman, AL With Quick Access to UNA Highway and I-65
• 1 Hour From Birmingham, 1 Hour From Huntsville, 2 Hours From Nashville and 3 Hours From Atlanta
• Pro-Forma 8.54% Cap at 75% Occupancy; Pro-Forma 12.10% Cap at 100% Occupancy Utilizing Only the Current 42 Lots
• Park Sits on 18 Acres, Gated Entry to Park, 42 Active Sites, All 30 / 50 Amp Full Hook Up, Septic Systems Setup 1:7 Ratio, All Newly Built Infrastructure, Gravel Sites and Driveway, Common Area With Dog Park, Onsite Management Not a Necessity, But Can Be Handled By a Work Camper Situation and More
• Value-Add Opportunities: Invest in More Marketing to Help Increase Occupancy, Utilize Approvals in Place to Expand and More
• Neighboring Parks Seeing Strong Occupancy Mix of Long-Term / Year Round Tenants and Short-Term Stays in Summer Months
• Seller Financing Available
