11980 Shiloh Rd Cedar Key, FL 32625
- Parking lots & garages
- 4,200 SF
- 12.70 lot acres
Current Use by Public Records
- Cedar Key RV Resort / Rv Park / Campground
- DocWolf Publishing / Publisher
Property Details for 11980 Shiloh Rd
- Year built
- 2010
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 12.70 lot acres
- Property size
- 4,200 SF
- Property type
- Parking lots & garages
- APN
- 29800100
- APU
- 29800100
Description
This exceptional investment opportunity presents 30 luxurious RV lots in a Cedar Key, Florida RV park, available for bulk purchase at $1,050,000. Built in 2010 and renovated in 2019, this 108,000 square foot property boasts a 10% cap rate and a $105,000 NOI. Each lot offers ample space (3,600 sq ft) and the park enjoys a 95% occupancy rate during peak season (late fall to winter). The property is conveniently located just 10 minutes from downtown Cedar Key on the Gulf Coast. On-site management handles all operations, minimizing maintenance and maximizing rental income. Lots can be retained for ongoing rental income or sold individually for a potential profit. The individual lot value significantly exceeds the bulk sale price. This turnkey operation provides a hassle-free path to substantial returns, with potential for additional income through work camper rentals. The property includes 30 parking spaces, one per unit. This is a rare opportunity to acquire a well-established, high-performing RV park portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cedar Key
- County
- Levy
- State
- Florida
- Longitude
- -82.9702
- Latitude
- 29.2182
- CBSA code
- 23540
- CBSA name
- GAINESVILLE, FL METROPOLITAN STATISTICAL AREA
