Welcome to LoopNet! Check out the listing below or search over 725,000 other listings.
Browse More Listings in Multifamily For Sale, Lakeland, FL or Florida
Large RV Resort w/ 70% 6 month stays-Confidential
123 John Doe Lane, Lakeland, FL 33803
Last Verified 12/26/2008
Listing ID 15791717
Description
This is offering# 14687, which James Cook of Westfield Realty Group has been secured to vend for the owner. All information in this advertisement is general because the confidentiality of sale, meaning the City, address, site count, etc. are close but not exact.Execute CA for details.
This is a developed and established RV Resort with 450-550 sites, with approximately 70% of all lots annually rented for 6 month periods by snow birds, and only 5% of transient lots are still available for Jan-March 2009, and they are still booking. A recent rate survey found that the 6-month rate is conservatively $400 below market, meaning even a $200 increase could add 60-80k to the gross income, without risking occupancy loss.
The RV Resort occupancy in Florida has surprisingly benefited from high gas prices. Many northern seniors already own a paid for RV (7-8 million RVers), and are deciding instead of paying the increased costs to heat their homes up north, it is just as economical to spend 2-3k for a 6 month stay at an RV Resort, some are even leaving units year round. Park's like this are very active during the winter season and have potlucks, bingo, church services and even cruises.
Very popular retiree/ snowbird destination market, short drive to beaches or Disney/Orlando.
Map of Lakeland, FL, 33803 - exact location not found
Created 7/8/2008
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.