240 Riggles Ave Quartzsite, AZ 85346
- Commercial real estate
- 2.42 lot acres
Current Use by Public Records
- Commercial real estate
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Quartzsite
- County
- La Paz
- State
- Arizona
- Longitude
- -114.2
- Latitude
- 33.6716