30625 S State Route 89 - North Ranch RV Park
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30625 S State Route 89 - North Ranch RV Park
1,000 SF Specialty Building Offered at $3,150,000 in Congress, AZ 85332
Investment Highlights
- North Ranch is a mixed monthly/transient RV park with average rates of ~$13/night and running ~57% occupancy.
- Located near Congress, AZ off Hwy 93 between Phoenix and Las Vegas and within 1 1/2 hours of downtown Phoenix.
- Management in-place with current out-of-area owner and ready for stabilization post-membership.
- By converting to a public park and increasing advertising spend the occupancy could be stabilized at market rates which are ~$40-45/night
- Opportunity to grow revenue by raising rates, optimizing transient/monthly sites to maximize REVPAR, adding cabin sites, etc.
Executive Summary
Colliers Manufactured Housing & RV Group, serving as the exclusive agent for the Owner, is delighted to present the offering for sale of the North Ranch RV Park, a 109-site RV park located in Congress, Arizona, approximately 80 miles northwest of Phoenix. North Ranch is an outdoor adventure oasis, offering a range of amenities including an activity center, clubhouse with frequent social events, and unmatched access to the exceptional outdoor experiences the area is known for.
The property is strengthened by the thriving tourism industry of Northwest Arizona with major attractions like the Grand Canyon, Lake Havasu, and the Colorado River all within driving distance of the park.
Conversion from a majority-membership park to a traditional park provides opportunity for a new buyer to purchase the property below-replacement cost and lease up and stabilize the park over a 1-3 year period.
The asking price for the property is $3,150,000 ($28,899/site).
This represents a ~18% stabilized yield.
Mike.Nissley@Colliers.com
561 479 1588
John.Barnes@Colliers.com
The property is strengthened by the thriving tourism industry of Northwest Arizona with major attractions like the Grand Canyon, Lake Havasu, and the Colorado River all within driving distance of the park.
Conversion from a majority-membership park to a traditional park provides opportunity for a new buyer to purchase the property below-replacement cost and lease up and stabilize the park over a 1-3 year period.
The asking price for the property is $3,150,000 ($28,899/site).
This represents a ~18% stabilized yield.
Mike.Nissley@Colliers.com
561 479 1588
John.Barnes@Colliers.com
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Property Facts
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PROPERTY TAXES
| Parcel Number | 201-30-438 | Improvements Assessment | $0 |
| Land Assessment | $3,535 | Total Assessment | $3,535 |
PROPERTY TAXES
Parcel Number
201-30-438
Land Assessment
$3,535
Improvements Assessment
$0
Total Assessment
$3,535
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30625 S State Route 89 - North Ranch RV Park
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