PTN S20,S29, & S32 T17N R21E Virginia City NV 89440

Possible Zoning to 40 Acre Parcels - Septic's & Well's will be Required*

Great Views, Privacy, & Spring on the Property

Access from Hwy 50 E (Past Dayton) via Sutro Springs Road

Close to Mark Twain Estates & Traditions Subdivision

Sale Price: $5,030,000

Lot Size: 628 Acres

APN: 004-291-20

Zoning: E: Low Density Residential Use

County: Storey

Virginia City RV Park is a 54-site family-run park in

Western Nevada, near the highest peak of Mount

Davidson at 7,864 FT. The park sits on nearly 4 acres and

features public utilities located within a 5-minute walk to

Historic Virginia City and occupies quickly from being the

only rv park in the city with year-round events.

The asking price for the property is $4,150,000

($76,852/site). The property is underwritten at a 7.75%

T-12 cap rate.

• The property is a turnkey RV resort which is booked out for

events over a year in advance and benefits from adjacent city

amenities including a pool, recreation center, park and grills.

• The park is the only RV park in the city and is located within

a 5 minute walk of the historic downtown of Virginia City

which receives 1.6 million visitors annually from its year round

events and is close to Reno, Carson City and Lake Tahoe.

• There is 0.54 acres of vacant land on the SW corner of

the property included that could be used to expand the

community by 16± sites.

• Multiple value-add opportunities include; developing

additional sites, raising rates to market, adding new cabins,

leasing restaurant space and implementing dynamic pricing

and online reservations.

Virginia City Website:

https://visitvirginiacitynv.com/

Virginia City Events CAlendar:

https://staging3.visitvirginiacitynv.com/wp-content/uploads/2022/01/vc-events-digital-broch-2022.pdf

Current average RV rates are $599/month with some rates as
high as $695. Increasing all rates to $695 would increase revenue
by ~9%.

OPTIMIZE REVENUE

Utilizing rate optimization based on occupancy could lead to
increased revenue, especially during holiday and event periods.
Additionally, implementing online reservations could lead to
increased occupancy.

OTHER INCOME

There is a vacant restaurant space on-site which could be
reopened. The restaurant achieved revenue of ~$27,000 in
2018, the last year it was open year-round.

OWNER APARTMENT

There is a 3 Bed/2 Bath owner-occupied unit that could be
rented for up to$1,500/month by a new owner resulting in
$18,000 in additional annual revenue.

EXPANSION LAND

There is a .54 acre parcel that could be used to expand the
park by 16± sites. Approvals for the expansion are in process.