3418 Spg Crk Ln, Spokane, WA 99224-9646
This exceptional investment opportunity presents a thriving 24-unit RV park nestled on a picturesque 8.77-acre lot in Spokane, WA. Boasting a prime location less than 10 minutes from downtown, this highly sought-after park enjoys consistently high occupancy rates, with a typical waiting list for available spaces. The property includes city water and sewer connections, and electricity is readily available at each lot. Adding to its appeal, the park features two residential properties: a newly remodeled three-bedroom home and a newly remodeled one-bedroom home, providing additional income potential or on-site management options. A spacious 24' x 24' shop further enhances the property's functionality. The park's reputation precedes it, consistently earning top ratings in the area. This turnkey operation offers a rare chance to acquire a well-established and profitable business. Note that a separate, undeveloped 28.55-acre parcel is also available for purchase, presenting significant expansion potential for a discerning investor. The asking price for this exceptional property is $2,600,000. This is a unique opportunity to own a successful and highly-rated RV park in a desirable location. Don't miss out on this chance to acquire a proven income-generating asset.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.