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559 Tea St Charlemont, MA 01339

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For Sale
$2,100,000

Riverfront campground with restaurant and house, income upside potential.

Lot size:
18.32 Acres

Property Features for 559 Tea St

General Information

Lot size
18.32 Acres

Source: OtherStreet Advisors Agent Enon Winkler

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Riverfront Campground with Restaurant & House

This property presents an opportunity to acquire a riverfront campground featuring a renovated 200-seat restaurant and a ~2,700 square foot house with 4 beds and 3 baths. Currently, the restaurant and house do not generate income for the campground. There is immediate rental upside with seasonal RV site rates currently below market by approximately $673 per month compared to neighboring campgrounds. The potential exists to achieve a total gross income of $901,587 by year three through rent increases for the existing sites, reopening the restaurant, and renting out the single-family residence as a short-term rental. Seller financing is available up to $1,925,000 with the following terms: $825,000 down, at a 6.0% interest rate with interest-only payments for two years, a five-year term, and payments amortized over thirty years.
Insight Report Location Intelligence

Current Use by Public Records

Mohawk Park Campground Campground Amy Thompson Housing Complex

Suggested Use

Building Supply Clothing Store Hotel & Motel Food Market Pawn Shop Farmer's Market

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Charlemont
County
Franklin
State
Massachusetts
Longitude
-72.9105536
Latitude
42.6393327

FAQs

What type of property is this?
Campground - Riverfront campground with restaurant and house, income upside potential.
Where is this campground located?
The property is located at 559 Tea St Charlemont, MA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: - High income potential: Projected gross income of $901,587 by year three.; - Seller financing available: Up to $1,925,000 with attractive terms.; - Immediate rental upside: Current RV site rates are significantly below market.
More about this property
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