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29365566
18844902

139 North CR 315 Interlachen, FL 32148, Interlachen, FL 32148 For Sale

Great Expectations Realty
Listed by Great Expectations Realty
Unpriced
958 days on market
Updated 65 days ago

1870 RV RESORT DEVELOPMENT SITE (Shovel Ready)

Details
Property Type Mobile Home Park, Multifamily
Sub Type RV Park
Net Rentable (SqFt) 1,400
Units 116
Cap Rate 20.00%
NOI $1,000,000
Pro-Forma Cap Rate 55.59%
Broker Co-Op Yes
Class A
Year Built 1990
Year Renovated 2024
Buildings 2
Stories 1
Acreage 11.000
Zoning Recreational PUD
Investment Type Value Add
Ownership Fee Simple

RV Resort Opportunity w/ Entitlements - 116 Sites

Marketing description

NORTH EAST FLORIDA RV RESORT DEVELOPMENT SITE

Currently under Construction. Can be turned over during construction or after construction.
HIGHLIGHTS:
  • Entitled

  • Town Water

  • Highly Walkable Location

  • Existing 1400 sq ft usable building on site as clubhouse. New metal roof in 2017.

  • Centrally Located to access nature and be drivable to ocean, major cities, and attractions.

  • Construction Plans call for 116 spaces. Mix 5 super sites, 52 pull-thru, and 59 back-ins. Clubhouse, lounge, bathhouse, resort level pool & amenities, and fully fenced perimeter.

  • Boundary Survey, Topo Survey, Tree survey, Environmental Study, Traffic Study, GeoTech Samples All completed.

  • Fully Engineered final Site plan approved. Permits applied for and received.

Great Central location in Florida where campers can spend weekends going to the springs, camping in nature, and escaping the business of city lives. Interlachen is removed enough for dark skies and no traffic but still within range of all the things we like. Interlachen is an hour away from St. Augustine, FL and the Atlantic Ocean. Gainesville, FL is 30 minutes away, Ocala is 45 minutes away and Orlando, FL is 1.5 Hours away. Springs and lakes are all around Interlachen. There are hiking and biking trails, off roading, hunting, fishing, boating, horseback riding and more all within short range of the 1870 RV Resort.
The 1870 RV Resort is connected by sidewalks to the heart of the town and a short walk to get groceries, go out to eat, and visit plenty of stores to make purchases including thrift, hardware, auto parts, fuel, flowers, and more. Interlachen is a small town that will greatly benefit economically from the outside dollars flowing in from a steady stream of high quality visitors and we love to play a role in helping a small town thrive.
The 1870 RV Resort intends to offer a resort level swimming pool, laundry facilities, play space for families, hang out space, co-work space, high speed internet, walking path, fitness center, small store and both indoor and outdoor kitchens for use by guests.
The roads to arrive at the Resort are Big Rig approved truck routes and our entrance is in a 35 MPH zone so there's no danger in slowing down to make your turn into the property.

PRO FORMA, BUILD PROJECTIONS, & FINISHED VALUE

Income Pro forma- Sites Only. Different types of sites have different rates. Longer stays are discounted over shorter stays. Initial pricing will be geared towards getting people in the door.

116 sites @ $100 night 11,600 night $348,000 mo $4.18M annual @ 70% Occupancy 2.92M

116 sites @ $75 night 8,700 night $261,000 mo $3.13M annual @ 70% Occupancy 2.19M

116 sites @ $50 night 5,800 night $174,000 mo $2.09M annual @ 70% Occupancy 1.46M

116 sites @ $33 night is 115k a month or 1.38M annual @ 70% Occupancy 965K

$800-1200 month rates (27/40Day) fit within the range of local competition. Low end to High End

$400-550 weekly rates (57/79Day) fit within the range of local competition. Low end to High End

$70-105 Daily rate within the range of local competition. Low end to High End

Other Income can come from:
Food & Bev Sales
Laundry
Premium Upsales
Product Sales
Services Offered
Excursions
Bike/Kayak Rentals

GC quote for Start to finish all in one large reputable contractors Estimate 3M in go from undeveloped to 116 fully functional sites ready to operate. ( Significant Savings found in utilizing competitive bids instead one contractor.)

Estimate around 1.5-2M in second 4800 sq ft ClubHouse & Resort Level Pool
( 2nd Clubhouse and pool can be phase 2, scaled down, or built to impress)

Seller-Financing & Turn Key Turnover Options Available
1870RVRESORT.COM

Investment highlights

  • NORTHEAST FLORIDA LOCATION

  • REMOVED YET STILL CLOSE TO HIGH DEMAND AREAS FOR DAY TRIPS

  • LOCATION CREATES WALKABILITY FOR CONVENIENT GUEST EXPERIENCE

  • DARK SKIES & NATURAL SURROUNDINGS

  • EASE OF ACCESS VIA MAIN ROADS

  • TOWN WATER & FPL POWER

  • ENTITLED

Listing Contacts

Great Expectations Realty
Listed by Great Expectations Realty

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$1,000,000.00
$83,333.33/mo

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