Contact Information
RV Park/Campground Details
- Price: Call for Price
- Purchase Method: New Loan
- Listing ID: 6764092
- Posted On: Nov 5, 2024
- Updated On: Nov 5, 2024
Description
BWE Investment Sales LLC (BWE) is pleased to offer the opportunity to acquire Emporia / I-95 KOA Holiday. Emporia / I-95 KOA Holiday is a 76-site campground community located in Emporia, Virginia with expansion potential to increase site count to 116.
The Offering Memorandum can be accessed here: https://www.dropbox.com/scl/fo/g3jroazu8mjm32a922fwn/AD77cK5HbLKLjnShd4wxwUs?rlkey=3u24adtbwje5vpa03p1k8z2be&st=gllvogca&dl=0
Please email Tanner.Westerheid@BWE.com for more information.
Emporia / I-95 KOA Holiday is conveniently located along Interstate 95, providing easy access to larger nearby cities like Richmond, VA to the north and Raleigh, NC to the south. Its location along I-95 results in strong occupancy from campers heading along the East Coast’s major North-South arterial interstate.
A new owner has several opportunities with the purchase of this deal, including adding additional lots, converting current sites to premium sites, and adding manufactured homes for permanent residents. There are currently 12-15 storage sites that can be easily converted to “premium” sites on the campground’s current footprint. There are also 18 decommissioned manufactured home sites on the North/West end of the property that are all vacant and can be recommissioned for new homes. The vacant manufactured homes have been removed. The North/West side of the property could also be expanded to add additional MH sites or accommodate up to 40 RV sites. The owners have reserved county sewer capacity to accommodate 40 additional sites.
Amenities
- Pool
- Club House
- Manager Office
- Bathhouse
- Store
Park Information
Number of RV Lots: | 59 |
Year Built: | 0 |
Average RV Lot Rent: | $678 |
Size: | 51.0 acre(s) |
Financial Information (Actual)
Gross Income: | $524,304 |
Operating Expense: | $348,936 |
Net Operating Income: | $173,936 |
Expense Ratio: | 66.6 % |
Utility Information
Water: | City |
Sewer: | City |