RV Park/Campground Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 12.0%
  • Property ID: 1726346
  • Posted On: Aug 2, 2022
  • Updated On: Nov 7, 2022

Property Description

Due to a family emergency, we need to sell this RV campground. It is a perfect respite location for east/west travelers midway between Kansas City and Denver at exit 70 on I-70 and for those traveling US Hwy 83 (The Canada to Mexico Hwy).

We purchased the park with intent to fix up and re-sell this distressed property. We've fixed up the park a ton already and put the goodwill back on a good track with positive reviews. We have long term people staying and more calling. But for family reasons we need to sell sooner than later.

Direct profit centers include the RV park site fees, propane sales, laundromat, general store, water & sewer sales to adjacent building, and cafe' food, beer, and soda sales.

The park features 14.93 acres with 51 spacious pull-through sites (or 75 if you choose to park some side-by-side), 2 BI sites, 4 PI/BO sites for small RVs like PU/Camper or Camper Vans, and 6 tent sites. Additionally, 22 sites were recently upgraded with new electric wiring and pedestals. The park is level with mature trees bordering most of it.

Camper amenities include spacious bathrooms with 4 showers each, laundry, swimming pool, strong wi-fi throughout the park, splash zone, dog run, horseshoe pit, community gas fire pit, propane filling station, bird cleaning station for the pheasant hunters, and a 60'x40' stage for events.

Additionally in the main building, there is a large general store with goods for sale and a plethora of movies for campers to borrow as well as a cafe' with a small kitchen boasting indoor and outdoor seating for campers to escape the confines of their RVs.

Additionally, ownership of the land comes with owning the water and mineral rights too. There are two wells providing regulated pressure water to the whole park and a sewer lagoon that needs very little maintenance, unlike septic systems. And you sell water & sewer access to the adjacent property operating as a Mexican restaurant.

You'll also enjoy a 2600 sq ft (4 bdrm/2 bth) newly painted home upstairs which includes a spacious kitchen with all appliances and a breakfast bar, 600 sq ft master suite, a large deck out the back, two gas fireplaces and private laundry. There is also equipment storage space, a workshop, and a one car garage.

The property also has a separate fully equipped (furniture, fixtures, equipment) 1500 sq ft restaurant building that was successful for 8 years prior mid-2021. This 1900's era barn was fully converted in 2013 and boasts seating up to 49 people including a 40 ft bar top.

Tres' Hermanos, a Mexican restaurant, is on an adjacent lot. With this restaurant and opening the on-site restaurant building both acting as anchors, this park would surely be filled up daily.

Many campers find this park to be a central location to stay at while they tour the high plains' many attractions to include the Buffalo Bill Cultural Center, Fick Fossil & History Museum, Castle Rock Badlands, the world's oldest active Geocache, Monument Rocks Natural Landmark, Lake Scott State Park, Little Jerusalem Badlands State Park, Prairie Museum-Art & History, Keystone Gallery, High Plains Museum, and much more.

This park has a ton of potential and in a very short time we've put it back on the map for RVer's. The income centers are multiple and it's easy to run. Harvesters, road workers, pipe liners, and windmill workers will be returning for their extended stay besides the regular RV travelers. This park is a Gem!

Location

Exit 70 on I-70 at US Hwy 83 Intersection about 5 miles north of Oakley, KS.

Amenities

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

Park Information

Number of RV Lots: 81
Year Built: 0
Average RV Lot Rent: $45
Size: 14.9 acre(s)

Financial Information (Pro Forma)

Gross Income $165,000
Operating Expense $65,000
Net Operating Income $100,000
Expense Ratio 39.4 %
Debt Info Not included

Utility Information

Water: Well

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