240 Riggles Ave Quartzsite, AZ 85346

Property Details for 240 Riggles Ave

Year built

2005

Lot size

2.42 lot acres

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a thriving 2.42-acre RV park in Quartzsite, Arizona, boasting impressive financial performance. Currently featuring 27 fifty-amp RV stalls with potential to expand by 13-14 more, the park enjoys a remarkable 95% booking rate through April 24th, with reservations extending into 2025. The property generated over $100,000 in pre-tax revenue in 2023, representing an 8% capitalization rate. A significant asset is the nearly 5,021-square-foot clubhouse, which includes a fully remodeled event center with a modern kitchen and new flooring, updated furniture, a new shower, and a remodeled office complete with new flooring and built-in desk. The clubhouse also houses a convenient camp store and a 1,000-square-foot apartment currently undergoing renovation, suitable for a park manager's residence or as an additional income source. Further enhancing the park's appeal is the recent addition of a propane tank, allowing for on-site propane sales to campers. A streamlined contactless overnight booking system is in place, optimizing overnight reservations and managing visitor traffic efficiently. This turnkey operation offers a compelling investment prospect with significant growth potential. The property is priced at $1,250,000.

Location Insight

City

Quartzsite

County

La Paz

State

Arizona

Longitude

-114.2

Latitude

33.6716