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New RV Park with 800ft of highway frontage for commercial / business potential.
8%+ Cap Rate based on 4 months of operation.
The RV Park has 20 sites with the potential of developing 75 or more sites total. The RV Park is located near both Christopher and Emma Lakes. There is very little capacity at existing RV Parks and the first season (2016) of lot leasing and renting was over 70% occupied.
Highway #263 runs directly in front of the property and is the main highway used to get to the surrounding lakes. The frontage could be used for your own commercial development or sold in lots to other businesses.
The seller is motivated to sell and open to offers.
Real Property Included
Located near two popular lakes (Christopher & Emma) and the Prince Albert National Park.
There is potential to more than double current capacity. At the present time there are 32 allocated lots and of those, 20 are activated. All 32 can be activated immediately. The additional area available would allow for another 45 to 65 rv sites.
During the summer months, the region is flooded with lake goers. The provincial leased lots are allocated by lottery well in advance of the summer months. The older rv parks and campgrounds in the area are already at or near capacity and there are more and more people looking for leased lots with quality services.
The rv park is being sold as the owner must focus on another business venture that requires full time attention all year round.
The rv park is open from May until October and the hours are flexible with your structure. It is a good idea to have a way for lease holders and potential customers to message or contact you after hours.
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