Contact Information
RV Park/Campground Details
- Price: $6,000,000
- Cap Rate: 5.1% (Actual)
- Listing ID: 6745578
- Posted On: Oct 10, 2024
- Updated On: May 8, 2025
Description
Sands Investment Group is Pleased to Present Exclusively For Sale the 50.89-Acre North Bay Shore Campground Located at 3257 Colechester Road in Virginia Beach, Virginia. This is a One-of-a-Kind Waterfront RV Campground in a Highly Desirable Area. The Property is Priced With Waterfront Land Value, Current Cash Flow, and Expansion Opportunity Taken Into Consideration.
PROPERTY HIGHLIGHTS:
• One-of-a-Kind Waterfront RV Campground in a Highly Desirable Area; This Property is Surrounded on the Waterfront Side by Wildlife Refuge That Can't be Developed to Help Preserve the Unique Tranquility of the Park
• Expansion Opportunities Grandfathered in to Expand the Size of the Park on Its 50+ Acres of Waterfront Property
• Minutes From the Atlantic Ocean Beaches by Boat or Vehicle and Minutes to Dock and Dine Restaurant by Boat
• Amenities Include: Boat Ramp Onsite, Dockage Available, Pool, Game Room, Sports Courts, Playground, Bathhouse, Kayak & Canoe Rentals and Pavilion
• Multiple Additional Revenue Streams to Include: Park Store Selling Supplies, Ice, Refreshments, Firewood and Bait, Boat & RV Storage, Boat Ramp Fees and RV Pump Out Trailers Onsite
• Multiple Value-Add Plays to Include: Bringing Park up to 200 Total Approved Sites, Many of Which Could Be Waterfront; Sites Could Either Be Developed as RV or Tent Camp Sites to Keep Costs Down, or Adding to the Boat and RV Storage
• Gross Revenue Consistently in the Mid $600's Over the Last 24 Months
• Workshop and Maintenance Pole Barn With Tractor and Equipment Onsite
• 110 Total Sites to Include: 6 Cabin, 10 Tent Sites and 94 RV
Location
Renovated in 2023
Amenities
- Pool
- Club House
- Storage
- Boat Access
- Bathhouse
Park Information
Number of RV Lots: | 94 |
Year Built: | 1967 |
Size: | 50.9 acre(s) |
Utility Information
Water: | City |
Sewer: | City |