RV Park/Campground Details

  • Cap Rate: 8.5%
  • Listing ID: 3390582
  • Posted On: Jul 18, 2023
  • Updated On: Jan 18, 2024

Description

52 of 99 RV spaces and 80 fully entitled and developable RV lots on 30.81 acres in Cedar Key, FL (Gainesville MSA)
52 RV spaces represent an approximate 53% stake of a 99-space co-op property
Dual business plans available via continued park operations, or selling spaces on an individual basis
Price per space is approximately 70% of recent individual sales
There is an approximate 43% available return via selling completed developable spaces
Approximate 29% total return available via operating existing and developable spaces

Location

Located ten minutes from Cedar Key, an Old Florida tourist destination and national historic site
In-place amenities include a pool, clubhouse, bathhouse, laundry facility, pickleball and more
One hour to Gainesville Regional Airport and two hours from Tampa International Airport

Amenities

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

Park Information

Year Built: 2009
Size: 30.8 acre(s)

Financial Information (Actual)

Gross Income: $265,769
Operating Expense: $168,608
Net Operating Income: $97,161
Expense Ratio: 63.4 %

Utility Information

Water: Well
Sewer: Septic

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