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23535325
23535326

21855 ID-75, Clayton, ID 83227

JB
ID 8671058, WA 98291
Marcus & Millichap - Seattle
Listed by Marcus & Millichap - Seattle
$2,800,000
374 days on market
Updated 15 days ago

The Sawmill Station

Details
Property Type Multifamily
Sub Type RV Park
Units 54
Cap Rate 10%
NOI $280,000
Occupancy 100%
Pro-Forma Cap Rate 12.34%
Pro-Forma NOI $345,561
Class B
Year Built 2003
Acreage 7.680
Investment Type Stabilized

Multifamily | 54 Units | $51,852/unit

Marketing description

Marcus & Millichap is pleased to exclusively offer for sale the Sawmill Station RV Park and Campground, located in Clayton, Idaho the park sits on 7.68 Acres along Highway 75. Originally constructed in 1980 as a Mobile Home Park for employees of the Clayton Silver Mine, it has operated as a Seasonal RV Park and Campground for outdoor recreational enthusiasts since 2020. Sawmill offers guests a total of 54 well-manicured beautiful sites, with both 30 & 50-amp service. Sawmill is one of the premiere destinations and a mecca of sorts for off-road and outdoor enthusiasts. Offering Polaris RZR side by side rentals to guests to explore the many off roading trails in the Salmon River Mountains and old mining trails. The park is also close to the Salmon River, Boulder White Cloud Mountains and wilderness area, and many other outdoor recreation areas where guests can enjoy hunting, fishing, white water rafting, hiking, biking and of course world class off-roading.

The Sawmill Station offers 54 RV spaces that can accommodate even the biggest rigs, 25 back in spaces with 30 amp service, 16 back in spaces with 50 amp service, and another 8 pull through sites also with 50 amp service. There are an additional 2 doublewide trailers, 1 singlewide trailer, and 2 tent sites. All RV spaces and trailers offer guests full hookup services. The park currently has a profit-sharing arrangement with the neighboring property to rent their cabins. Guests can expect a safe, clean, fun and leisurely stay while at The Sawmill Station. The property also consists of a gas station, a country store, and a bistro to accommodate all their guests’ needs. Park amenities include private showers and restrooms, fiber optic telephone service, LTE connection and a store for all your essentials. Current ownership of the community has spent a considerable amount of time and capital over the course of the past five years improving the quality of the park, making it one of the most desirable RV or camping spots in the area.

Conveniently right off Hwy 75 the park is about 4 miles west of Clayton. Clayton is like going back in time to a small town atmosphere where the main industries are ranching, farming, and tourism. It is 4 hours from Boise, 3.5 hours from Twin Falls, and 2.5 hours from Idaho Falls. Not only can a new owner expect to continue with an extremely well-traveled park that maintains high occupancy the entire season, but they can expect a multi revenue property with businesses that operate year-round such as the gas station that serves the surrounding areas. Centerra Gold has announced that the Thompson Creek Mine near Clayton will restart production in 2027 which opens up the opportunity for the park to be open year-round and accommodate extended stay guests. This would be a great cash flowing asset for an established owner in the RV Industry or a first-time operator that can continue current operations as they currently are.

Investment highlights

30 & 50 AMP RV Full Hookup

Country Store & Bistro

Close to World Class Off Road and Outdoor Recreation Sites

Multi Revenue Property

Only Gas Station in 25 Mile Radius

1 GBS WIFI

Listing Contacts

JB
ID 8671058, WA 98291
Marcus & Millichap - Seattle
Listed by Marcus & Millichap - Seattle

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Loan Amount
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Annual Cash Flow
$280,000.00
$23,333.33/mo

Valuation Metrics

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Cap Rate
10%
ROI

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Additional Information

Name
Adam Lewis
License
ID DB54599
Title
Broker of Record
Name
Jonathan Bench
License
8671058
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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