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RV Park/Campground Details

  • Price: $2,000,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 6.2%
  • Property ID: 1188482
  • Posted On: Feb 7, 2020
  • Updated On: Jun 15, 2020

Property Description

Located in Trinidad, California, Elk Country RV Resort & Campground covers nearly 200 acres of Northern California’s pristine coastal environment. Elk Country is conveniently positioned just off the famous Redwood Highway – HWY 101 between Orick and the seaport town of Eureka. The RV Park features two unique areas for camping: “The Forest” and “The Meadow”. The Forest is lush with hundreds of mature Redwood trees and has a private lake and creek just up the pathway. There are 31 Dry Tent sites, 11 Tent sites with electricity, 38 Full Hook-up Back In RV Sites, 6 RV Full Hook-up Pull-Thru Sites, 1 Trailer Rental and 1 Group Site w/ a Trailer Rental. All The Forest’s RV Sites are 30 AMP and are provided Wi-Fi. Next, “The Meadow” features 39 Full Hook-up Back In RV Sites, 11 Full Hook-up Pull-Thru RV Sites, 1 Park Model Cabin Rental. 8 of the RV Sites in the Meadow are 50 AMP and the rest are 30 AMP. Tenants in The Meadow receive Wi-Fi, bathrooms, showers and a local Roosevelt Elk herd as neighbors. The rates for each part of the park are the same but vary between the summer and winter months. In the winter tent sites go for $32/day, RV Sites range from $38-42/day, and 50 AMP RV Sites are $50/day. During the summer months tent sites rent for $37/day, RV Sites range from $42-48/day, and 50 AMP Sites are $53/day. The park does not accommodate long-term guests due to professional decisions by owners. The property features an authentic schoolhouse/museum and general store. The bathrooms and showers have been recently renovated. The laundry room is rented out to CLR Laundry, who pays a monthly fee to operate the space. There is ancillary income from billboards as well. Nearby, there are tons of local attractions. Just across the Redwood Highway is Pacific Ocean and Stone Lagoon, which is great for kayaking adventures. The tenants can enjoy any outdoor activity ranging from hiking, swimming, fishing, canoeing and horseback riding all within 5-minute drive from the RV Resort. Just up the road is the Redwood National Park and the Klamath River which has some of the best steelhead and salmon fishing in the world. This massive oceanside property has major upside and is turn-key for the next owner to operate!
PLEASE DO NOT DISTURB TENANTS OR MANAGEMENT IF VISITING PARK. THEY ARE NOT AWARE PARK IS FOR SALE. PLEASE KEEP THIS LISTING CONFIDENTIAL.

Amenities

  • Laundromat
  • Manager Office
  • Bathhouse
  • Store
  • Wifi
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Park Information

Number of RV Lots: 113
Year Built: 1954
Average RV Lot Rent: $50
Size: 193.0 acre(s)

Financial Information (Pro Forma)

Gross Income $471,731
Operating Expense $284,648
Net Operating Income $187,083
Expense Ratio 60.3 %
Debt Info

Utility Information

Water: Well
Sewer: Septic

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