75000 US-101 - Redwoods River Resort
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75000 US-101 - Redwoods River Resort
Specialty Building Offered at $4,900,000 at a 8.87% Cap Rate in Leggett, CA 95585
Executive Summary
8.87 day 1 cap rate. Recent six figure upgrades to water, sewer, power and large outdoor courtyard. Irreplaceable location. Nestled among towering redwoods (some 1000+ years old on the property), which attract visitors from around the world A variety of lodging options, including cabins, RV sites, and tent camping, catering to different guest preferences. Features a pub, seasonal pool, large playground, and game room, providing entertainment and relaxation options for all ages. Ideal for weddings and corporate events. A welcoming destination for families, with numerous activities both within the park and within the immediate region. Ability to increase occupancy with increased advertising. Same owner for 27 years. Numerous loyal return customers. Significant zoning/permitting progress made towards approval to bring full hookups to current tent sites. Plans available. Year built is undetermined - buyer to complete all due diligence related to property including year built.
Property Facts
Price | $4,900,000 | Building Class | A |
Sale Type | Investment | Lot Size | 23.51 AC |
Cap Rate | 8.87% | No. Stories | 1 |
Property Type | Specialty | Year Built | 1970 |
Property Subtype | Trailer/Camper Park |
Price | $4,900,000 |
Sale Type | Investment |
Cap Rate | 8.87% |
Property Type | Specialty |
Property Subtype | Trailer/Camper Park |
Building Class | A |
Lot Size | 23.51 AC |
No. Stories | 1 |
Year Built | 1970 |
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75000 US-101 - Redwoods River Resort
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