122-Site RV
For Sale
Contact for pricing
319 T B Stanley Hwy, Bassett, VA 24055
Established recreational vehicle park with approved expansion capacity and substantial land area in the Smith River valley.
Property SizeContact for details
Lot Size75.00 Acres
Days on Market173
Property Features for 319 T B Stanley Hwy
General Information
Standard status
Active
Class
C
Lot size
75.00 Acres
Property subtype
Mobile Home Park, Multifamily
Occupancy
80%
Investment Type
Value Add
Net Operating Income
$189,833
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
8%
Building Details
Year Renovated
2020
Buildings
4
Stories
1
Units
127
Listing Agency:
JDS Real Estate Services, Inc.
(864) 224-3503
Listed By:
Jennifer Stein · License #01507135
Source:
Crexi
Added: Mar 11
Changed: Aug 29
Last Checked: Jul 18 at 1:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JDS Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
The property is an RV park spanning 75 acres in Bassett, Virginia, with 122 existing sites and more than 700 feet of frontage along T B Stanley Hwy. An additional 69 sites have received approval, providing a defined path for future park expansion. The improvements are described as newly constructed and well maintained.
Bassett places the park within the Smith River valley and approximately 12 miles from Martinsville Speedway, 10.6 miles from Philpott Dam, and 9.4 miles from Fairy Stone State Park. The property is also positioned between the population centers of Roanoke, Greensboro, and Winston-Salem. Trailing 12-month performance reflects an 8% cap rate, while year-over-year growth is reported at 16%.
Bassett places the park within the Smith River valley and approximately 12 miles from Martinsville Speedway, 10.6 miles from Philpott Dam, and 9.4 miles from Fairy Stone State Park. The property is also positioned between the population centers of Roanoke, Greensboro, and Winston-Salem. Trailing 12-month performance reflects an 8% cap rate, while year-over-year growth is reported at 16%.
Key Highlights
- 122 existing RV sites across 75 acres
- 69 additional RV sites already approved
- More than 700 feet of frontage on T B Stanley Hwy
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
Explore this area
Business Placement
Demographics for 24055, VA
12,236
Population
6,273
Households
2
Avg Household Size
49
Median Age
15%
College-Educated
80%
High-School Grad
86.6 sq mi
ZIP Area
141
Density / Sq Mi
$41,733
Median Household Income
$35,686
Median Earnings
$524
Median Rent
$113,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Established recreational vehicle park with approved expansion capacity and substantial land area in the Smith River valley.
Where is this mobile home & rv park located?
The property is located at 319 T B Stanley Hwy Bassett, VA.
What is the asking price?
The asking price for this property is $4,095,000.
What are key features of this property?
This property features: 122 existing RV sites across 75 acres; 69 additional RV sites already approved; More than 700 feet of frontage on T B Stanley Hwy
