Property profile

632 Milroy Grose Rd Lansing, WV 25862

OFF-MARKET
Specialty properties
13,896 SF 45.38 ac lot
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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

Location

632 Milroy Grose Rd Lansing, WV 25862
Lansing metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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