2690 Arena Rd Unadilla, GA 31091-4908
- Office buildings
- 3,100 SF
- 11.56 lot acres
Current Use by Public Records
- Office buildings
Property Details for 2690 Arena Rd
- Year built
- 1973
- Construction
- WOOD
- Lot size
- 11.56 lot acres
- Property size
- 3,100 SF
- Zone code
- C-1
- Property type
- Office buildings
- APN
- 73 3
- APU
- 733
Description
This 29.5-acre RV park in Unadilla, Georgia, presents a compelling value-add investment opportunity. Located just off I-75, boasting 50,000+ daily traffic, the resort benefits from its proximity to Macon, GA (under an hour away) and Warner Robins, home to Robins Air Force Base. The 191-site park, built around 1985, features a range of amenities including a pecan orchard, miniature golf, swimming pool, playground, clubhouse, and fishing pond. Significant upside potential exists through the conversion of 58 non-sewer sites to full hookups (increasing nightly rates from $20 to $45), expansion onto excess land (allowing for 200+ additional sites), and implementation of online reservation and revenue management systems. The property also includes 18 billboards leased for 99 years along I-75. The asking price is $2,500,000, representing a price per unit of $13,089. This Class B multifamily property is situated in an Opportunity Zone, offering additional investment advantages.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,705,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,720,000
- 6.5%
- $1,550,000
- 7%
- $1,725,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,690,000
- Geo Method
- $1,615,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,455,000
- Retail
- $1,570,000
- Mixed-Use
- $1,495,000
- Hospitality
- $1,710,000
- Educational
- $1,485,000
- Residential Income
- $1,960,000
- Energy
- $1,955,000
- Income-Based Land
- $1,685,000
- Food Service
- $1,425,000
Location Insight
- Map
- Local Demand
- City
- Unadilla
- County
- Dooly
- State
- Georgia
- Longitude
- -83.7386
- Latitude
- 32.2402
