24828 State Highway 38 - Sawyers Rapids RV Park 9,000 SF Specialty Building Offered at $1,550,000 at a 6.75% Cap Rate in Elkton, OR 97436

Sawyer Rapids RV Park is a rare riverfront RV and lodging property situated on approximately 8.5 acres along a premier stretch of the Umpqua River in Elkton. This reach of the river is widely recognized among anglers for salmon, steelhead, and smallmouth bass fishing and has long functioned as a destination for guests seeking direct river access paired with overnight accommodations. Demand for the property is driven in part by paid fishing access, annual passes, and repeat visitation tied specifically to this location.
The park features a diversified accommodation mix including 21 RV sites (with premium river-adjacent spaces), park-owned rental units (manufactured homes and a tiny home), four Airbnb cabins, and 11 seasonal campsites, including a group site. This flexible configuration supports long-term occupancy, short-term stays, and seasonal recreation, creating multiple complementary revenue streams beyond traditional space rent.
Additional income is generated through fishing access fees and annual passes, laundry facilities, vending and concessions, storage and reserved parking, and electric utility pass-throughs. A key competitive advantage is park-wide fiber optic internet installed in 2024, serving the entire property and appealing to modern travelers, remote workers, and extended-stay guests seeking reliable high-speed connectivity without sacrificing a riverfront setting.
Property improvements and amenities include direct river access, a public boat ramp, multiple bathhouses (including a newer cabin-serving bathhouse with additional build-out materials included), a recreational lounge and internet café with office space, on-site laundry facilities, an approximately 1,800-square-foot apartment offering value-add potential, and a shop building supporting park operations.
Current operations reflect gross operating income of approximately $215,000 and Net Operating Income of approximately $110,600, representing an implied capitalization rate of approximately 7.1% at the current asking price of $1,550,000. These figures are based on existing operations and do not assume expansion, redevelopment, or income optimization beyond current use.
Under a stabilized operating scenario, the property demonstrates meaningful upside through full utilization of existing accommodations, expanded short-term rental performance, and optimization of ancillary revenue streams. Any forward-looking projections are illustrative only and not reflective of current operating income.
Seller financing may be considered for qualified purchasers, providing additional flexibility in structuring an acquisition.
Sawyer Rapids RV Park offers an irreplaceable combination of river frontage, destination-quality fishing, diversified income streams, park-wide fiber optic infrastructure, and clearly defined operational upside in one of Southern Oregon’s most recreation-driven corridors.