596 Highway 317 Ashdown, AR 71822

Property Details for 596 Highway 317

Year built

1975

Lot size

207.22 lot acres

Property type

Mobile home & RV parks

Property subtype

Campgrounds

Description

This 207-acre RV park and golf resort in Ashdown, Arkansas, presents a compelling value-add investment opportunity. Built in 1975 and renovated in 2012, the property boasts 65 RV sites and an 18-hole golf course, situated on Millwood Lake, approximately 25 miles northeast of Texarkana. Currently operating as a membership campground and golf resort, the property offers significant potential for revenue growth. The asking price is $1,250,000. The current operational model prioritizes membership revenue, resulting in underperformance relative to market potential. A new owner can transition to a traditional RV park model, targeting a 35-40% occupancy rate and nightly rates exceeding $60. The property's location near Millwood Lake and major metropolitan areas like Dallas and Little Rock ensures strong demand. Further revenue enhancement strategies include raising rates, optimizing site mix, adding cabins or motel units, implementing utility billing for extended stays, boosting golf revenue, and introducing amenities like a camp store, premium Wi-Fi, and cable. The property is unzoned and offers substantial room for expansion. Existing management is in place, facilitating a smooth transition and stabilization post-membership club operation. This represents a chance to acquire an underperforming asset well below replacement cost, achieving a high double-digit unlevered yield through strategic operational improvements and revenue generation.

Location Insight

City

Ashdown

County

Little River

State

Arkansas

Longitude

-94.011836

Latitude

33.718656