RV Park/Campground Details

  • Cap Rate: 10.5%
  • Listing ID: 2295311
  • Posted On: Mar 29, 2023
  • Updated On: Apr 21, 2023

Description

Hot Springs RV park was formerly a Mobile Home Park but was purchased in 2017 / 2018. New owners removed all mobile homes and completely rebuilt the park keeping the same layout, design and site sizes. The front half of the property at lower elevation is within the city limits and the top upper half falls in Garland County. The property is currently not renting sites as construction finished October 2022. The city and county allow for either RV of MH to be used on any of the sites or a mix of both. The investment is ideally located close to downtown, within nice neighborhoods. Sites are built up the hill divided into three sections with ample space in between sites and many unique sites tucked away in the forest. Opportunity to add cabins, tiny homes, or other glamping units on any of the existing pad sites. Viable expansion land is flat and cleared and available for RV and boat storage or up to an additional 20 -25 pad sites. Property is located in an Opportunity Zone. Seller Financing Available

Location

Walking distance to downtown Hot Springs
All land to the north is Hot Springs National Park
Connected to city water and sewer
Mature trees and landscaping over entire property
New water, sewer, and electric lines throughout
All new asphalt roads and upgraded drainage
Built new Maintenance shop and landscaping equipment included in sale
Brand new 2 bed 2 bath modular home for manager in place
New modular front office building with bathroom and small kitchen
Approx. 3 additional flat acres for expansion
Investment is turnkey with all operational infrastructure and staff in place
Located in an Opportunity Zone
Seller Financing Available

Amenities

  • Manager Office
  • Store
Interested in purchasing this RV park? Get pre-qualified for a loan.

Park Information

Number of RV Lots: 60
Year Built: 2022
Size: 20.0 acre(s)

Financial Information (Pro Forma)

Net Operating Income: $314,000

Utility Information

Water: City
Sewer: City

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