Current Use by Public Records
- Mobile home & RV parks
Property Details for 0 -
- Property type
- Mobile home & RV parks
Description
This exceptional 60-unit RV park in Roanoke, VA, presents a compelling investment opportunity. Boasting a 10.76% cap rate and an asking price of $2,400,000, this Class B property offers significant returns. Situated in a rapidly growing area of southwestern Virginia, the park benefits from its location near Smith Mountain Lake and the Blue Ridge Mountains, attracting both tourists and permanent residents. The Roanoke MSA's robust economy, fueled by finance, healthcare, and other sectors, further enhances the property's appeal. Recent upgrades include 25 newly developed RV sites, a renovated bathhouse, cabins, and office, minimizing deferred maintenance. The park's amenities include a fishing pond, sports courts, playground, and covered pavilion. High demand from seasonal renters and temporary workers needing short-term housing contributes to strong rental income. This turnkey operation, with an experienced campground host managing daily operations, is ideal for portfolio expansion or a first-time investment. The park's central location, within easy reach of Washington, D.C. and Raleigh, ensures consistent occupancy and rental rate growth. This is a rare opportunity to acquire a well-maintained, high-performing RV park in a thriving market.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Huddleston
- County
- Bedford
- State
- Virginia
- Longitude
- -79.4816
- Latitude
- 37.1384
