3783 Route 32 - Blue Mountain Campground
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3783 Route 32 - Blue Mountain Campground
10,000 SF Specialty Building Offered at $2,950,000 at a 10.71% Cap Rate in Saugerties, NY 12477
Investment Highlights
- Potential to double the number of RV Pad Sites.
- The entire property consists of 10.3 acres situated on 3 contiguous parcels with 24 RV pad sites that offer full hookups and 2 additional RV pad sites
- 10.71% CAP RATE BASED ON CURRENT INCOME
- Features 6 apartments and 6 manufactured homes that are currently rented out as year-round rentals.
- Currently there is a Waiting List for the RV Pad Site Rentals.
Executive Summary
Welcome to Blue Mountain Campground located at the base of the Catskill Mountains in Saugerties, NY. Blue Mountain Campground is unique in that it not only provides year-round RV Pad Site Rentals but also receives monthly rental income from 6 apartments and 6 manufactured homes. There is currently a wait list for RV Pad Site Rentals plus there is additional undeveloped land to potentially double the number of RV Pad Sites. All equipment is included in the sale price.
In addition to these income streams, the campground also derives income from Tent Sites, Cabin Rentals, Store Sales, Outdoor Storage Yard Rentals, Propane Sales, Laundry Income and Income from the Arcade.
The current owners recently upgraded their in store point of sale system, added a new website and a new online reservation system, a new video surveillance system, plus, the owners recently installed 300 feet of heated water lines that allows for year-round RV pad site rentals.
The entire property consists of 10.3 acres situated on 3 contiguous parcels with 24 RV pad sites that offer full hookups and 2 additional RV pad sites that offer both water and electric. There are also 22 tent sites and 5 cabins available for daily rentals. Blue Mountain Campground features a playground, a new pool, an upgraded Wi-Fi network, fiber optic cable tv, two bathhouses with one being heated for year round use and a new pavilion that serves as a theater for spring, summer and fall use. There are two barns and a heated two bay garage that can be utilized for making equipment repairs or for additional storage area.
The property has enough undeveloped land for additional RV pad site expansion or possibly for adding more manufactured homes as yearly rentals. One of the biggest features of Blue Mountain Campground is its close proximity to many attractions including Woodstock, NY, Hunter Mountain, Belleayre Mountain, the historic City of Kingston, NY and the seven hundred thousand acre, Catskill Park, all of which are an easy drive from Blue Mountain Campground, plus the campground is less than 5 miles to Exit 20 on the New York Thruway.
For access to Financials, please execute the NDA found under Brochures & Other Documents and email the form to: pmalone@pyramidbrokerage.com
In addition to these income streams, the campground also derives income from Tent Sites, Cabin Rentals, Store Sales, Outdoor Storage Yard Rentals, Propane Sales, Laundry Income and Income from the Arcade.
The current owners recently upgraded their in store point of sale system, added a new website and a new online reservation system, a new video surveillance system, plus, the owners recently installed 300 feet of heated water lines that allows for year-round RV pad site rentals.
The entire property consists of 10.3 acres situated on 3 contiguous parcels with 24 RV pad sites that offer full hookups and 2 additional RV pad sites that offer both water and electric. There are also 22 tent sites and 5 cabins available for daily rentals. Blue Mountain Campground features a playground, a new pool, an upgraded Wi-Fi network, fiber optic cable tv, two bathhouses with one being heated for year round use and a new pavilion that serves as a theater for spring, summer and fall use. There are two barns and a heated two bay garage that can be utilized for making equipment repairs or for additional storage area.
The property has enough undeveloped land for additional RV pad site expansion or possibly for adding more manufactured homes as yearly rentals. One of the biggest features of Blue Mountain Campground is its close proximity to many attractions including Woodstock, NY, Hunter Mountain, Belleayre Mountain, the historic City of Kingston, NY and the seven hundred thousand acre, Catskill Park, all of which are an easy drive from Blue Mountain Campground, plus the campground is less than 5 miles to Exit 20 on the New York Thruway.
For access to Financials, please execute the NDA found under Brochures & Other Documents and email the form to: pmalone@pyramidbrokerage.com
Property Facts
| Price | $2,950,000 | Building Class | C |
| Price Per SF | $295 | Lot Size | 10.30 AC |
| Sale Type | Investment or Owner User | Building Size | 10,000 SF |
| Cap Rate | 10.71% | No. Stories | 2 |
| Property Type | Specialty | Year Built/Renovated | 1999/2020 |
| Property Subtype | Trailer/Camper Park |
| Price | $2,950,000 |
| Price Per SF | $295 |
| Sale Type | Investment or Owner User |
| Cap Rate | 10.71% |
| Property Type | Specialty |
| Property Subtype | Trailer/Camper Park |
| Building Class | C |
| Lot Size | 10.30 AC |
| Building Size | 10,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1999/2020 |
Amenities
- Fiber Optic Internet
zoning
| Zoning Code | 02 (RES1) |
| 02 (RES1) |
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Brian J. Coleman -
Peter Malone -
Pyramid Brokerage Co of The Hudson Valley LLC
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3783 Route 32 - Blue Mountain Campground
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