Contact Information

David McQuary
License: Florida Real Estate Broker
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RV Park/Campground Details

  • Price: $1,500,000
  • Purchase Method: Cash
  • Cap Rate: 10.0%
  • Listing ID: 5724896
  • Posted On: May 15, 2024
  • Updated On: May 28, 2024

Description

SELLER OPEN TO PARTNERSHIPS OR INVERSTORS!!!! This property to be permitted soon will have over 100 lots on Hwy 231 and 4 miles south of Interstate 10 in Alford Florida. The plans are to have a double indoor pickle ball court, swimming pool, office, and locker rooms with showers and a laundry facility. We are selling this 15.5 acre tract fully permitted. We are clearing the property and ready to start developing. The more we will complete, the more the value will go up. City water and sewer are available at the front of the property. Each lot will have WIFI, cable tv, water, sewer and 30/50 amp pedestals. This property is 12 miles from 3 golf courses, and 4 miles from a Compass Lake. Great location north of the Emerald Coast Beaches. The pictures are of RV Parks that I have built and these lots are what I will be building on this site. Of course, the new buyer can build the park how they choose.

Location

45 miles North of Panama City, Florida and 12 miles from Marianna, Florida.

Amenities

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

Park Information

Number of RV Lots: 100
Year Built: 0
Average RV Lot Rent: $600
Size: 15.5 acre(s)

Financial Information (Pro Forma)

Gross Income: $480,000
Operating Expense: $220,000
Net Operating Income: $260,000
Expense Ratio: 45.8 %

Utility Information

Water: City
Sewer: City

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