SOLD | 492 Machi Rd, Shelter Cove, CA 95589
| Details | |
| Price | $3,350,000 |
| Size | 105 Sites |
| Acres | 6.35 |
Shelter Cove RV Park & Campground is comprised of 49 full hook-up RV spaces, 55 dry camping spaces, and one mobile home for a total of 105 sites situated on 6.33 acres.
Additionally, the Property offers amenities including picnic and dining areas, and an onsite convenience store that caters to both residents and the surrounding community. This results in substantial supplementary revenue due to the absence of local competition.
Shelter Cove has several value-add opportunities to increase the operating income. First, there is minimal advertising for the park and plenty of availability to accommodate guests. Second, implementing online reservations with dynamic pricing and management software will generate more revenue and streamline operations. Additionally, there is potential to convert the dry camping sites to full hook-up RV sites, and more.
Shelter Cove RV Park and Campground’s stunning views, wide array of accommodations, and value-add opportunities makes this park an attractive offering for a savvy investor or operator.
In association with Scott Reid & Parasell, Inc. A licensed California Broker #02101543
SMI Real Estate and Ashley Offensend, Broker Licensed in the States of Oregon and Washington represented the Seller and the Buyer in this transaction.
