RV Park/Campground Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 8.0%
  • Listing ID: 2031475
  • Posted On: Feb 8, 2023
  • Updated On: May 2, 2023

Description

PRICE REDUCTION & Seller Financing Available For Partial Amount of Sales Price

Offers Due By Wednesday May 10th at noon ET.

Park Brokerage Commercial Real Estate is pleased to present Meadowlark Shores RV Park. A rare opportunity to purchase a waterfront property in Florida with economies of scale. Located in Moore Haven along the Caloosahatchee Canal, this is one of the very few waterfront RV Parks between the Gulf of Mexico and Lake Okeechobee. Fort Myers and Okeechobee are easily accessible, a one hour drive in opposite directions from the Park.

Meadowlark Shores RV Park benefits mostly from long term residents and snow birds visiting in the high season. Seasonal Visitors return for community wide activities in the clubhouse, tiki hut and game room. The nearly 1,600 ft of shoreline is a major draw for residents and visitors, providing incredible fishing, boating and entertainment for all.

There is immediate value to be added by bringing rental rates up to market and recapturing a higher percentage of the electrical usage. Other revenue includes, moorage, boat & trailer storage, laundry and additional guest fees.

The new owner can benefit from the experienced on site staff to continue operating the park, if they wish. The current manager lives rent free on the property in a 2,808 sq ft single family home. There are also a couple other tenants/guests who help with property maintenance and office support.

Management responsibilities for the majority of the sites occupied by long term RV tenants is comparable to that of a mobile home park. Meadowlark Shores has stability throughout the year and also benefits from the increased rental rates and visitor traffic in the high season.

Please note that the sale does not include parcel A26-42-30A-00002-H0000 (approximately .15 acres) on Southeast portion of property.

Seller Financing is available for a PARTIAL amount of the purchase price, up to $2,000,000 max.

$2,000,000 | 5% Interest Rate | 5 yr Term | Interest Only

The remaining amount will need to be cash at closing. Seller will take second position to lender.

Exclusive Listing in Association with Parasell, Inc.- License Number CQ1059597

Location

Link to Due Diligence Folder included within the Offering Memorandum.

Amenities

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

Park Information

Number of RV Lots: 168
Average RV Lot Rent: $340

Financial Information (Pro Forma)

Gross Income: $713,359
Operating Expense: $319,636
Net Operating Income: $393,723
Expense Ratio: 44.8 %

Utility Information

Water: Well
Sewer: Treatment Plant

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