5 Star Opportunity 8.6 Cap rate Southern Oregon Coast!
Highly rated, long established 50 Acre R.V. Resort/Bar & Grill with 120 plus sites. Multiple income streams, and tremendous expansion capabilities.
Honey Bear by the Sea RV Resort and Campgrounds is a 50 year overnight and destination RV resort located in Gold Beach, Oregon just off HWY 101 fronting the Pacific Ocean and nestled within an amazing 50-acre (+-) facility including deeded beach access. The facility boasts an outdoor wonderland that has been coined “Simply Magical” due to its beautiful meadows, creeks, springs, ponds, abundance of wildlife, old growth forestation and the way we have integrated our facility and sites throughout.
Its reputation is exceptional on Google, Trip Advisor, Facebook, Yelp etc., with over 800 reviews, rating it an average 4.7 out of 5. Currently offering 101 RV sites, 20 designated tenting sites, unlimited RV/boat storage, a large Bavarian styled lodge encompassing a highly acclaimed restaurant, laundry facilities, multiple bath houses, mini mart, a large game/meeting room, 2 BR 2Ba residence, 1 Br 1Ba apt, a large wood shop (wired for 3 phase), a 30’ x 60’ 3 door 2 story garage/shop/storage facility (2,600Sq’ +-), 2 large equipment shops, 2 out buildings, a 15 Acre (+-) creek backed events and tenting meadow with Electricity (transformer and main panel) and so much more.
Combine this with our explosive growth and tremendous opportunity to increase revenues from the existing facility and extensive growth options based on the prime acreage it encompasses, it’s easy to see why the investment opportunity is far and above most others offered for sale in the country.
It is fully staffed including a good work camper base and all protocols for even an absentee owner are in place and it is fully turnkey. The growth the past 3 fiscal years is upwards of 100% and still only operating at 34% capacity in fiscal 2019. Our growth continues with our 2020 YoY up almost 40 % compared to 1st quarter 2019.