RV Park/Campground Details
- Purchase Method: Cash, New Loan
- Listing ID: 2199717
- Posted On: Mar 21, 2023
- Updated On: May 25, 2023
Description
Investors take a look at this property! Seller is motivated as they are pursuing other opportunities. Currently operating as RV Park w/great income, but has unlimited potential for development. Could be setup/built up w/tiny cabins for airbnb or "glamping" tents that are the current rage. This 5 acres is a great location on pavement nestled amongst beautiful shade trees. It includes 25 RV Pads, 5 plus tent camp sites, 3 cabins, 1 cabin duplex & 1 wilderness cabin, guard house. Main building has private restrooms and showers for campers. Laundry room with coin operated washers & dryers that produce income. Park has a low traffic count. In Benton County Arkansas, which is one of the fastest growing areas in the United States. Park is located just North of Siloam Springs, less than 1/2 a mile from Siloam City Lake park which includes fishing, kayaking, nature walking, bike trails, & frisbee golf. Close to Swepco Lake. 40 min drive to downtown Bentonville. Property SOLD "AS IS".
Location
In Benton County Arkansas, which is one of the fastest growing areas in the United States. Park is located just North of Siloam Springs, less than 1/2 a mile from Siloam City Lake park which includes fishing, kayaking, nature walking, bike trails, & frisbee golf. Close to Swepco Lake. 40 min drive to downtown Bentonville.
Amenities
- Laundromat
- Club House
- Manager Office
- Bathhouse
Park Information
| Number of RV Lots: | 25 |
| Average RV Lot Rent: | $500 |
| Size: | 5.2 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $162,000 |
| Operating Expense: | $42,000 |
| Net Operating Income: | $120,000 |
| Expense Ratio: | 25.9 % |
| Debt Info: | 150000 |
Utility Information
| Water: | City |
| Sewer: | Septic |