6367 Byu Black Dr Gibson, LA 70356-3516

Property Details for 6367 Byu Black Dr

Lot size

89.00 lot acres

Property type

Commercial real estate

APN

37306

APU

37306

Description

This exceptional 103-site RV park, situated on 92.6 acres in Gibson, Louisiana (70356), presents a compelling value-add investment opportunity. Located approximately 20 miles west of Houma and conveniently positioned between Baton Rouge and New Orleans, this property benefits from strong regional tourism. The park's proximity to the Gulf of Mexico, New Orleans, and Lafayette enhances its appeal. Built in the late 1990s, the resort currently operates under a membership model, offering significant upside potential for a new owner. The asking price is $1,600,000. The property is currently unzoned. A buyer can capitalize on the opportunity to transition the park to a traditional RV park model, increasing occupancy to 40-45% and nightly rates to $60 or more. Further revenue growth can be achieved through various strategies, including optimizing the transient/extended-stay site mix, adding cabins or lodges, implementing electric billing for extended stays, expanding the camp store and vending operations, upgrading WiFi and cable services, and potentially expanding the park itself. The property is ready for stabilization post-membership club operation, with existing management in place. This represents a chance to acquire an underperforming asset at a price significantly below replacement cost, achieving a high double-digit unlevered yield. The property is located off Bayou Black Drive.

Location Insight

City

Gibson

County

Terrebonne

State

Louisiana

Longitude

-90.991

Latitude

29.678

CBSA code

26380

CBSA name

HOUMA-BAYOU CANE-THIBODAUX, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments