155-Space RV Park - for Sale in Picayune, Mississippi

Broker Information

Property Description

45.29 acres with 155 RV spaces with full hookup, wifi, 30-50 amp service and seven air conditioned cabins with kitchenettes and bath. Adjacent 27.73 acres available with all utilities at site. RV resort is on City water and sewer with all electric underground. Resort is improved with a beautiful 6000 square foot clubhouse fireplace, Olympic size pool, laundry room, bathhouse, pump out station, barbecue pavilion, kitchen and banquet hall,75 seat chapel. Doublewide mobile home with deck for on site management. gross income for the year 2010 was $433,329.00 with a NOI of $269,294.94 for a cap rate of 10.0 % SALE price $2,800,000.

Location Description

One mile east of Interstate 59 in the City of Picayune, Ms. New Orleans is 50 miles to the South West, Biloxi is 60 miles to the East and Hattiesburg is 60 miles to the North. Interstate 10 is 20 minutes to the South with the major roadways of Route 11,31,43,90,603 and 1090 minutes away. All major casinos are within a 60 minute drive time. There is a major shopping center within 2 miles that accommodates a Super Wal-Mart, Home Depot, Cracker Barrel, Winn-Dixie and several banks.

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