Listing Courtesy of: Steven Parmelee - Windermere Van Vleet & Assoc2
541-779-6520
$1,995,000
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205 S Pacific Highway Talent, OR 97540
General Commercial
Residence
Beds
Baths
2
Sq. Ft.
2.28
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
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Rare opportunity to buy an RV park in Talent. The Wagner Creek RV park is located on South Pacific Highway, just a short drive to I5 and just 10 minutes from Ashland. Formerly a mobile home park that was destroyed in the Almeda fire. The infrastructure was re-built so everything is new and the use c...hanged to an RV park. Park currently has 27 spaces and 2 additional apartment rentals in the frame building. Spaces are oversize because they were designed for mobile homes so there is upside potential to add more RV spaces by re-arranging the park lay out. Park has a small coin-op laundry for additional income. Public sewer and water. Individual utilities are billed back to the tenants. Current Cap rate is 5.28% and with a small expansion (5 extra spaces) it could rise to 8.5%. See attached income and expense report and financial measures report.
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MLS#
220181356
Property Type
General Commercial
Square Feet
2
sq. ft
Lot Size
2.28
Stories
2.0
Sewer
Public Sewer
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