Current Use by Public Records
- Mobile home & RV parks
Property Details for 139 Pioneer Dr
- Year built
- 1991
- Lot size
- 11.02 lot acres
- Property type
- Mobile home & RV parks
- Property subtype
- Campgrounds
Description
This exceptional investment opportunity presents Eagle's Rest RV Park, Alaska's largest RV park, boasting 220 sites encompassing 172 RV sites, 19 cabins, and 29 glamping/tent sites. Situated on 11 acres overlooking Prince William Sound in Valdez, Alaska, this park commands a prime location near the Trans-Atlantic Pipeline, a significant source of high-paying jobs. The park's 2024 revenue is up over 9% compared to 2023, with NOI up nearly 35%. Pre-bookings for 2024 are 131% higher than 2023, indicating strong future performance. Currently operating at 62% occupancy, the park offers substantial upside potential. An on-site, unused 3/2 apartment could generate approximately $2,000 monthly rental income, and the underutilized storage building presents additional revenue opportunities. The addition of more cabin sites promises a high return on investment. Furthermore, an adjacent 14.27 acres of vacant land is available for purchase, providing significant expansion potential. Built in 1991 with renovations in the 2020s, this park is conveniently located along Alaska Route 4, 299 miles from Anchorage and 363 miles from Fairbanks. The asking price is $5,900,000.
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
- Valdez
- County
- Chugach
- State
- Alaska
- Longitude
- -146.347
- Latitude
- 61.131
