Current Use by Public Records
- Mobile home & RV parks
Property Details for 14301 Co Rd
- Lot size
- 153.90 lot acres
- Property type
- Mobile home & RV parks
- Property subtype
- Campgrounds
Description
This exceptional 7-park RV portfolio, totaling 765 pads across 153.9 acres, presents a compelling value-add investment opportunity. Located primarily in the Southern United States, including Alabama, this portfolio boasts strong locations, many near major interstates, offering convenient access to amenities and attractions. The parks feature a range of amenities including clubhouses, activity centers, laundry facilities, dog parks, swimming pools, and pickleball courts. Currently, the portfolio presents significant upside potential through improved marketing strategies, rent increases to market rates, and occupancy improvements. The existing infrastructure provides a solid foundation for expansion, with approximately 36 acres of undeveloped land available for development at select locations. Further revenue growth can be achieved by upgrading existing sites, adding amenities such as concrete pads and carports, and diversifying offerings with cabins, glamping sites, or park models. The asking price of $19,650,000 ($25,686 per site) represents a significant discount to replacement cost, allowing for substantial returns on investment. The portfolio is available for acquisition as a whole or on an individual park basis. This is an ideal opportunity for an investor seeking significant upside potential in a growing market segment. The portfolio's current membership structure and pricing strategies present opportunities to increase occupancy and revenue. The average park size is 109 sites, and recent utility improvements have been implemented.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Summerdale
- County
- Baldwin
- State
- Alabama
- Longitude
- -87.7825
- Latitude
- 30.4616
