Contact Information

RV Park/Campground Details

  • Price: $1,675,000
  • Purchase Method: Cash
  • Cap Rate: 6.8%
  • Property ID: 1944332
  • Posted On: Nov 28, 2022
  • Updated On: Nov 28, 2022

Property Description

River Bend RV Resort in Lake Toxaway. The current owner has owned it for 17 years and is selling the 11.50 acre RV Resort with 37 hookups, laundry facilities ,dog park, office, pavilions, bridges and bathroom/showers with room for expansion.
Asking price $1,675,000. Note the septic is permitted for 16 hookups and will have to be revisited before possible expansion. There is plenty of room to add to septic.
In addition to the RV resort the Seller is now offering adjacent 10 acres including owners residence, pond, pavilion and large garage along with the RV resort for a total asking price of $2,275,000.
The seller has an additional adjacent 30 acres available with pasture and ridgeline over looking lake Toxaway. Asking $895,000for additional adjacent 30 acres. Package asking price for the whole 51.5 +/- acres is $3,170,000. Seller would entertain discounting the price for the whole package.

The Seller does have a website but does not currently do any other advertising. https://www.riverbendrvresortnc.com/ Most of his guests come from word of mouth and repeat guests.
This property could be an upscale RV resort similar to Mountain Falls Luxury Motorcoach Resort just over a mile away. https://www.mtn-falls.com/.
Or a combination of uses.

Location

Campers will enjoy a peaceful retreat next to the calming sounds of a mountain stream running the entirety of the park, or a semi-wooded site.
Historic Lake Toxaway, "The Land of Waterfalls", sits nestled in the heart of North Carolina’s most beautiful, unspoiled mountains. Conveniently situated near most all major attractions in Western North Carolina with access to great hiking, fishing, and dozens of waterfalls. Minutes from Highlands, Cashiers, and Brevard, Lake Toxaway is also an easy drive from Asheville, Atlanta and Charlotte making it a desired and easily accessible weekend and summer retreat.?
Offering a year-round moderate climate, crystal-clear lakes, over 250 cascading waterfalls, and many golf courses, the area is an attractive choice for those seeking the seclusion of the region's numerous lake and mountain communities. The area has kept large planned developments and shopping centers at bay, preserving the charm and exclusivity that once attracted the likes of the Rockefeller, Firestone, Ford, Vanderbilt and Edison families.

Amenities

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

Park Information

Number of RV Lots: 37
Year Built: 1989
Average RV Lot Rent: $75
Size: 11.5 acre(s)

Financial Information

Gross Income $218,610
Operating Expense $114,414
Net Operating Income $104,196
Expense Ratio 52.3 %
Debt Info none

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