284 Collins Rd Westlake, OR 97493-9602

Exceptional investment opportunity: This iconic Oregon lakefront RV park, situated on 1.95 acres in Dunes City (Westlake), offers 26 RV & tent sites (permitted for 62), a general store, two houses, a recreational building, a manager's house with a workshop, a boat launch, and a private dock. The property includes a charming two-bedroom cabin and a spacious two-story home for long-term tenants. Built in 1928, this six-building, two-story complex boasts 3,650 square feet of rentable space and currently operates at 75% occupancy, generating a $79,900 NOI and a 6.39% cap rate. The asking price is $1,250,000. The property is zoned C and features mature landscaping. This value-add opportunity presents a chance to restore this unique property to its former glory. The property's location on a wind-protected, sunny point of Siltcoos Lake provides a tranquil and desirable setting for guests. The existing infrastructure, including the general store and various buildings, provides a solid foundation for future growth and expansion. This is a truly unique opportunity to own a thriving lakefront resort.