Pic-A-Spot on 36 acres!

8 Cabins with Amazing Lake Views

Waterfront Property. 2,400 feet!

Beautiful Location with Great Campers

Very Nice Lake Home Community

70 Boat Slips with Many New Docks

Gathering Places

Many Acres of Storage Areas

Many Paved Roads and Office / Store

Beach and Boat Launch!

RV Park/Campground Details

Purchase Method: Cash, Seller Financing, New Loan
Cap Rate: 10.0%
Listing ID: 874016
Posted On: Oct 30, 2017
Updated On: Jul 2, 2018

Description

Pic-A-Spot Campground is an amazing seasonal campground on Little Barbee Lake in Warsaw, Indiana. Pic-A-Spot has 171 sites with over 130 seasonal campers that pay one price for the entire season. The campground also comes with 8 very nice cabins for nightly rentals. All of the other camping customers own their own campers which makes repairs, maintenance and management much easier than a mobile home park or other investment category. Revenue stability, strong NOI, long term customers, income upside, and the ability to finance make Pic-A-Spot a great value at $1,413,000.

Management In Place! The couple that manages Pic-A-Spot have been the managers for 15 years! The managers handle nearly every part of the campground operations. The current managers can give the new owner a very low headache investment. Or the new owners could manage the campground themselves and save the management costs.

Open Only 6 Months Each Year! You get to make your great NOI and Cap Rate but only have the business open half the year. Seasonal Campground on Gorgeous Lakes are the way to go as an owner and investor.

Contact Trent Conaway at Wisely Commercial Realty for more Property Info, Financials, a long list of New Owner Upside Ideas, and Financing options. This is a great investment with management in place, open only half the year, great returns, lots of upsides, and financing options. Call Trent at 317-844-4684 to learn more and get all the info. Also email Trent at tdconaway@wiselycr.com.

Location

Look in the pictures at the tiny property parcels for the all the lake homes on Little Barbee Lake. As you would expect at one of the best lake chains in the state, people are crammed into very small pieces of property. Then you see a massive property. That’s Pic-A-Spot Campground! It’s almost hard to believe that a huge 36 acres parcel of land exists on such an amazing chain of lakes in one of the best lake counties in Indiana. Pic-A-Spot truly is a unique opportunity to own such an incredible lake property with a great and profitable campground business.
• 36 acres total. 22 acres are used for the campground and 14 acres are floodplain that are not used for campsites but also have beautiful views.
• 1,800 feet of Little Barbee Lake frontage plus 600 feet more of channel frontage
• Many acres are used for community areas, boat storage and campground management use.
• 70 boat docks with many new docks
• Private boat launch
• Small campground beach
• Many recently paved roads