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Address is 7589 Ca-120 Groveland, CA 95321

Bernie Corea

Century 21 Butler Realty

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Yosemite Ridge Resort

RV Park/Campground for Sale in Groveland, California

7589 Ca-120
Groveland, CA 95321

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Sale Price: $3,500,000
 

Contact Information

Bernie Corea
Century 21 Butler Realty

RV Park/Campground for Sale

Year Built: 1950
Number of RV Lots: 32
Size: 50 acre(s)
Cap Rate: 6.2%
Purchase Method: Cash, New Loan
Status: Active
Property ID: 869138
Posted on: Oct 16, 2017
Updated on: Oct 16, 2017
Price: $3,500,000

Property Description

Yosemite Ridge Resort is the ultimate RV destination for Yosemite guests. Ideally-situated on HWY 120, the National Park’s main artery, Yosemite Ridge is uniquely positioned to serve the National Park’s 5-million-visitor tourism industry year-round. With its park models renting out for $240 a night, developable 50 acres, gas station, and restaurant space, this Park has the potential for a truly incredible return on one’s investment. In addition to being licensed for 32 full-service spaces, the Park has cabins, homes, apartments, park models, a store, a restaurant space, schoolhouse, and a gas station!

Located in Mariposa County, just minutes from the Park entrance, this property has been prescreened by Planning for a rezoning to Resort Commercial without having to obtain an Environmental Impact Report.This rezoning, along with HCD's approval, could allow for a substantial expansion and development of more than 20 of its 50 acres!

There is an expansive and remodeled, 2,300 square foot single level manager/owner's home on 6 acres that is part of this sale.

There is a "concierge" bus service that picks up and drops off visitors at the front of the RV Park.

The Park is comprised of the following:

-3-bedroom home -6 Mobile Homes (5 to employee housing) -13 Park Models -13 RV Full Service Spaces -3 Cabins (Non HCD) -1 3/1 Cabin (Non HCD) -1 Apartment besides the Clubhouse (Non HCD) -1 Apartment besides old Schoolhouse (Non HCD) -1 Empty Full Service Space (Non HCD)

Additionally, there are the following buildings on the property:

Clubhouse: There is an 1,800 s.f. era clubhouse that was once used-and can be again- as a restaurant. With beautiful wooden floors and high ceilings, this restaurant space benefits from high visibility and easy access to and from Hwy 120.

Gas Station: The gas station is included in this purchase and sale. The station has a clean certification on file with County Health. Selling 4,0000 gallons a week, there is a 10,000 gallon tank for unleaded, and a 6,000 gallon tank for diesel or super.

Convenience Store: There is a 600 sq.ft. convenience and general store on the property which could benefit from a type 20 beer and wine license.

Location Description

Yosemite National Park is in California’s Sierra Nevada mountains. It’s famed for its giant, ancient Sequoia trees, and for Tunnel View, the iconic vista of towering Bridalveil Falls and the granite cliffs of El Capitan and Half Dome. In Yosemite Village there are shops, restaurants, lodging, the Yosemite Museum and the Ansel Adams Gallery, with prints of the photographer’s renowned black-and-white landscapes of the area. With a 21 percent increase in visitors from the previous year, Yosemite brought 5 million visitors to the Park. A new National Park Service (NPS) report shows that 3,853,404 visitors to Yosemite National Park in 2012 spent $3,787,577,000 in communities near the park. That spending supported 5,162 jobs in the local area. “Yosemite National Park is proud to welcome visitors from across the country and around the world,” said Don Neubacher, Yosemite Superintendent. “We are delighted to share the story of this place and the experiences it provides and to use the park as a way to introduce our visitors to this part of the country and all that it offers. National park tourism is a significant driver in the national economy – returning $10 for every $1 invested in the National Park Service - and it’s a big factor in our local economy as well. We appreciate the partnership and support of our neighbors and are glad to be able to give back by helping to sustain local communities.” According to the report most visitor spending supports jobs in restaurants, grocery and convenience stores (39 percent), hotels, motels and B&Bs (27 percent), and other amusement and recreation (20 percent).

Park Information

Year Built:1950
Size:50.0 acre(s)

Financial Information (Actual)

Gross Income$1
Debt Info

RV Space Information

Number of RV Lots:32

Amenities and Other

Pool: Yes