RV Park/Campground Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 7.6% (Actual)
- Listing ID: 1614992
- Posted On: Mar 3, 2022
- Updated On: Oct 2, 2023
Description
Great opportunity to own not one, but TWO existing year round KOA Campgrounds in Lava Hot Springs, Idaho on the Portneuf River.
NOI (EBITDA) of $1.28M and CAP of 7.6 %.
RV Parks include a total of 124 RV sites, 11 tent sites, 33 cabins, 1 loft apt, 2 offices, 2 shops, 3 laundromats, bathhouses and playgrounds.
Recent upgrades include new 50/30/20 services, water hydrants, sewer services, automated sprinklers, internet, bath house, cabins, etc.
Opportunity to grow business by adding restaurant/food venues.
Turnkey operation with city services.
Also opportunity to purchase the East Koa location only for $11M.
https://koa.com/campgrounds/lava-hot-springs-city-center/
https://koa.com/campgrounds/lava-hot-springs/
https://www.lavahotsprings.org/ - Chamber of Commerce website
Shown to qualified buyers by appointment only.
Location
Lava Hot Springs, Idaho--home of the World Famous Hot Pools and USA Today's #1 Floating River in the US. Just minutes from I-15 on Hwy 30. Located midway between Salt Lake City, Utah, and Jackson Hole, Wyoming.
Amenities
- Laundromat
- Storage
- Manager Office
- Bathhouse
- Store
- Wifi
Park Information
| Number of RV Lots: | 124 |
| Size: | 16.6 acre(s) |
Financial Information (Actual)
| Net Operating Income: | $1,280,000 |
| Debt Info: | Mix of state leased land and fee simple |
Utility Information
| Water: | City |
| Sewer: | City |