1639 Bear Lake Blvd Garden City, UT 84028
This exceptional 105.35-acre parcel in Garden City, Utah, presents a fully engineered and approved 495-space RV park development. Located on Bear Lake, a major summer recreation destination, this property boasts city water and sewer, making it ready for immediate development. The site's convenient location near Bear Lake State Park, which saw over 569,903 visitors and a million visitor nights in 2023, ensures high demand. With approximately 3.7 million people residing within 150 miles, the potential for strong occupancy is significant. The scarcity of privately-owned land for development in this area further enhances the investment value. The gently sloping terrain towards the lake offers picturesque views and easy access to recreational opportunities. This development opportunity is ideally situated to capitalize on the growing tourism in the region, benefiting from the proximity to the vibrant Salt Lake City metropolitan area and its thriving economy. The property's zoning permits both recreational and single-family residential uses, offering flexibility for future expansion or diversification. This is a rare chance to acquire a fully permitted and ready-to-build RV park in a high-demand location. Don't miss this chance to invest in a thriving tourism market. The property is zoned for Recreational/Single Family Residential use.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.