Current Use by Public Records
- Mobile home & RV parks
Property Details for 2200th St
- Lot size
- 8.80 lot acres
- Property type
- Mobile home & RV parks
- Property subtype
- Hospitality properties
Description
Exceptional investment opportunity in Lacygne, Kansas, presents a thriving 8.8-acre RV park and motel complex. Boasting a robust 10% cap rate and a substantial NOI of $243,110.09, this property offers significant return potential. All rental units underwent complete renovations in 2022, enhancing guest comfort and appeal. The property includes a newly added covered pavilion and picnic area, perfect for gatherings. High-speed internet access (1 GB fiber) is available throughout the complex. Its prime location adjacent to La Cygne Lake, a year-round fishing lake, ensures consistent occupancy. The property benefits from a diverse clientele, including hunters, fishermen, wedding guests, families, and seasonal workers from the nearby power plant. The area hosts two annual fishing tournaments and attracts numerous deer hunters during the fall and winter months. The proximity to the Marais Des Cygne Wildlife Area further enhances its appeal to outdoor enthusiasts. This is the only rental property of its kind in the area, presenting a unique opportunity for growth and expansion. The existing infrastructure provides a solid foundation for future development, with ample space to add additional RV spaces and further increase revenue streams. The asking price is $2,250,000.
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
- LaCygne
- County
- Linn
- State
- Kansas
- Longitude
- -94.683
- Latitude
- 38.3453
