RV Park/Campground Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.0%
  • Listing ID: 1345459
  • Posted On: Oct 24, 2020
  • Updated On: Feb 19, 2021

Description

Luxury RV Park development FOR SALE in Soap Lake, Washington, famous for healing waters. Return on Equity in second year, 53.94%

APPROVED & ENTITLED FOR DEVELOPMENT.

All sites will be 40x80 pull thru spaces. This unique marketing point will highlight 189 sites on 39+ acres. The property has sewer, water, and power ready for immediate development.

Location near the junction of State Highways 17 & 28 provides over 1M+ annual traffic count. Hwy 17 is filled with Canadian RV’ers heading south for winter or coming home in Spring. Grant County boasts of being one of Washington's most popular recreational areas. Forged by ancient lava flows and then scoured by the Ice Age Floods, Grant County has some of the most uncommon and beautiful topography found anywhere on Planet Earth. With more than 140 lakes and reservoirs Grant County offers world-class fishing, hunting, hiking trails and camping.
Billed as “Your Cure for the Ordinary” people flock to the town of Soap Lake for the amazing healing power of the lake, rejuvenation, the quaint historic downtown, stylish community theater and out of the ordinary restaurants.

Be sure and watch the short video and check brochure for appraisal details.

Joint Venture options considered.

An adjoining 35 acres is available. The property is being offered free and clear and any financing structure can be determined by the buyer.

Location

Near the intersection of State Highway's 17 & 28.

Amenities

  • Laundromat
  • Pool
  • Club House
  • Manager Office
  • Bathhouse
  • Store
  • Wifi
  • Fitness Center
Interested in purchasing this RV park? Get pre-qualified for a loan.

Park Information

Number of RV Lots: 189
Year Built: 2021
Size: 39.4 acre(s)
Development Land: This is land for developing a RV park.

Financial Information (Pro Forma)

Gross Income: $2,185,747
Operating Expense: $444,766
Net Operating Income: $1,740,981
Expense Ratio: 20.3 %
Debt Info: None

Utility Information

Water: City
Sewer: City

Video

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