RV Park/Campground Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.2%
  • Listing ID: 1537333
  • Posted On: Oct 15, 2021
  • Updated On: Jan 19, 2022

Description

Huge expansion potential with recent acquisition of adjoining 3.5 waterfront acres! Investment opportunity in the heart of North Idaho's Coeur d'Alene National Forest. Once in a lifetime opportunity to own a long established, popular and successful restaurant, bar, RV campground and single family residence on 5 acres with 481 feet of water frontage on Prichard Creek. CAMPGROUND HIGHLIGHTS: 7 full size RV stalls with water and power, 481 feet of waterfront on Prichard Creek giving direct access to the Coeur d'Alene River. PLENTY OF ROOM TO EXPAND THE RV PARK or add additional income producing amenities. TAVERN HIGHLIGHTS: liquor license, live entertainment venue, cocktail bar, restaurant, covered patio, beer garden, billiards game room, Wolf range & flat-top grill, Wi-Fi. HOME HIGHLIGHTS: 1,043 sq ft, recently renovated 3 bedroom I bath, currently operating as a vacation rental. There's room for future expansion and increased revenue on the newly acquired 4 acres. It's your blank slate for a future lodge, cabins, etc.

Prichard Tavern is not only an investment opportunity, but a chance to own a piece of history. Established in 1890, the tavern is a true piece of history that is rich in local folk lore. Wyatt Earp was a frequent visitor.

Tucked away in the woods on the North Fork of the Coeur d'Alene River in Prichard, Idaho, this exceptional property is surrounded by year around outdoor activities for any adventure enthusiast. It's a regional hot spot for ATV trails, camping, hunting, skiing, snowmobiling, fly fishing, hiking, huckleberry picking and floating the lazy river.

Prichard Tavern sits on 5.02 acres with 481.60 feet of waterfrontage on the Prichard Creek, giving you direct access to the Coeur d'Alene River by kayak or canoe. The RV Campground is fully equipped with space for 7 full-size recreational vehicles.

At the end of the day, enjoy Prichard Tavern's special selection of spirits, local microbrews, or epicurean delights to satisfy any appetite. On the weekend, stop by for live music, karaoke, or the Sunday Bloody Mary Bar on the patio.
Room for expansion includes the potential to develop the four surrounding acres and add small cabins, additional RV stalls, or a large structure and parking as an event venue.
The recently renovated single family home is a perfect owner's quarters, and is currently being used as a vacation rental, generating additional income.

This is a once-in-a-lifetime opportunity to acquire a property rich in history and vast natural beauty. If you are looking to break away from the stress and soul- crushing grind of urban life and you yearn to experience life at a pace better suited for family, friends, personal enrichment and safety, the lifestyle of Prichard may just be the perfect fit.

Location

Prichard Tavern sits on 5.38 acres with 481.60 feet of waterfrontage on the Prichard Creek, giving you direct access to the Coeur d'Alene River by kayak or canoe.

Interested in purchasing this RV park? Get pre-qualified for a loan.

Park Information

Number of RV Lots: 7
Size: 5.4 acre(s)

Financial Information (Actual)

Gross Income: $475,675
Net Operating Income: $152,260

Utility Information

Water: Well
Sewer: Septic

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