Contact Information

Daniel Smith
Marcus & Millichap

RV Park/Campground Details

  • Price: $1,065,000
  • Purchase Method: Cash
  • Cap Rate: 10.5%
  • Listing ID: 4943136
  • Posted On: Mar 23, 2024
  • Updated On: Mar 29, 2024

Description

Attractively situated off beachgoer thoroughfare US-231 + a major intersection leading to 30A and Panama City, Mr. D's is a local community staple. All 40 pull-thru sites come with full hook-up 30/50-amp service, cable and WiFi. Whether pulling in for a night or looking for an extended stay, this unique asset offers competitive, sub-market rates.

*Expansion potential of approximately 5 sites
*Entry-area mobile home not currently, but may be rented monthly
*Extended-stay growth potential (50-60% long-term occupancy)
*Upside in optimizing asset management
*Minimal maintenance requirements (3.6 acres)
*February 2024 = highest revenue in 12 months

This low-maintenance campground is frequented by soldiers training at Fort Rucker, located just 15 minutes away. Mr. D's is 2 miles from historic Ozark Town Square, 10 minutes from picturesque Ed Lisenby Lake and just under 30 minutes from booming Dothan - the peanut capital of America.

Amenities

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

Park Information

Number of RV Lots: 40
Year Built: 2008
Average RV Lot Rent: $500
Size: 3.6 acre(s)

Financial Information (Actual)

Gross Income: $181,052
Operating Expense: $69,422
Net Operating Income: $111,629
Expense Ratio: 38.3 %

Utility Information

Water: City
Sewer: City

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