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    Specialty properties

    632 Milroy Grose Rd, Lansing, WV 25862

    13,896 SF 45.38 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents the New River Gorge Campground, a thriving business situated on 45.38 acres in Lansing, West Virginia. Conveniently located just two miles from the iconic New River Gorge Bridge and directly on Route 19, this property boasts significant visibility and accessibility. The campground currently features 30 RV hookups, including 28 with 50-amp service, providing ample capacity for recreational vehicles. Further enhancing its income potential are existing rental units on the site. The property also includes a substantial 4,188 square-foot home with five bedrooms and 2.2 bathrooms, currently held under a life estate. The total building square footage across all structures is 13,896 square feet. The expansive acreage offers considerable potential for future development, complemented by its favorable zoning designation of P-D and R-R. Parcel numbers are 10-42-53, 10-42-52, and 10-42-83 in Fayette County. This turnkey operation presents a unique blend of established income and significant growth opportunities in a highly desirable location. The asking price for this remarkable property is $4,000,000. This is a rare chance to acquire a well-established campground with substantial expansion potential in a rapidly growing tourism area. The property's prime location and existing infrastructure make it an ideal investment for both seasoned entrepreneurs and newcomers to the hospitality industry. Don't miss this opportunity to own a piece of West Virginia's natural beauty and thriving tourism market.

    Property profile
    Verified
    Property type Specialty properties
    Total area 13,896 SF
    Lot 45.38 ac (1,976,753 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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