4566 Sportsman Lk Rd Elizabethtown, KY 42701-8272
This exceptional business opportunity presents a thriving, established campground situated on a spacious 30-acre lot in Elizabethtown, Kentucky. Currently operating with high occupancy, the campground features 73 RV pads, catering primarily to long-term residents, but with significant potential for expansion to include tent camping and short-term rentals. The property boasts a diverse range of amenities designed to enhance the camper experience, including eight single-room cabins, a two-bedroom apartment, and a double-wide trailer for additional lodging options. Two on-site laundry facilities, a shower house, and a dedicated event room provide convenience and comfort. Recreational opportunities abound with a 3-acre pond perfect for fishing and a refreshing outdoor pool. The campground's prime location offers easy access to major transportation routes, being conveniently located just off I-65, 1.5 miles from BlueOval SK, and within a reasonable distance of several major cities: 7 miles from Elizabethtown, 50 miles from Louisville, 125 miles from Nashville, and 89 miles from Lexington. This turnkey operation presents a unique opportunity for immediate income generation and future growth, allowing for seamless takeover or customization to match an individual's vision. The property's size and existing infrastructure provide a solid foundation for expansion and diversification, making it an attractive investment with significant potential for increased profitability. The asking price is $3,900,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.