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319 T B Stanley Hwy - Smith River RV Park 3,267,000 SF Specialty Building Offered at $4,095,000 in Bassett, VA 24055
Investment Highlights
- The property underwent major upgrades in 2020 across multiple aspects of infrastructure and improvements.
- 122 (RV) + 5 (Tent) site riverfront outdoor hospitality property situated on approximately 31.20 acres with approximately 3,200 feet of frontage
- County water and sewer to all sites and underground electric service throughout the property.
Executive Summary
Smith River RV Park is a 127-site (122 RV + 5 tent) riverfront outdoor hospitality asset situated on ±74.41 acres along the Smith River in Henry County, Virginia, featuring approximately 3,200 feet of premier river frontage. This is a rare, irreplaceable asset within a high-demand outdoor recreation corridor.
The property is currently operating below stabilized occupancy, presenting immediate upside through increased transient bookings, rate optimization, and enhanced online marketing. With significant existing capacity and no redevelopment required, the path to stabilization is primarily operational.
Improvements include a ±5,000 SF general store, a ±1,200 SF renovated bathhouse with coin and app-based laundry, on-site management and maintenance, and an established CampSpot reservation system. Major infrastructure upgrades were completed in 2020, including county water and sewer to all sites and underground electrical throughout.
Additionally, the ±74.41-acre parcel includes excess land currently utilized for storage, offering the potential to develop 60+ additional RV sites without the need for major infrastructure expansion. This provides a clear second phase of value creation beyond initial lease-up.
The Smith River is a premier regional destination known for trophy trout fishing, kayaking, and tubing, drawing visitors from Virginia, North Carolina, and beyond. The property is conveniently located just 8 miles from Martinsville along Route 220, with proximity to Philpott Lake and Dam supporting consistent, year-round tourism demand.
The property is currently operating below stabilized occupancy, presenting immediate upside through increased transient bookings, rate optimization, and enhanced online marketing. With significant existing capacity and no redevelopment required, the path to stabilization is primarily operational.
Improvements include a ±5,000 SF general store, a ±1,200 SF renovated bathhouse with coin and app-based laundry, on-site management and maintenance, and an established CampSpot reservation system. Major infrastructure upgrades were completed in 2020, including county water and sewer to all sites and underground electrical throughout.
Additionally, the ±74.41-acre parcel includes excess land currently utilized for storage, offering the potential to develop 60+ additional RV sites without the need for major infrastructure expansion. This provides a clear second phase of value creation beyond initial lease-up.
The Smith River is a premier regional destination known for trophy trout fishing, kayaking, and tubing, drawing visitors from Virginia, North Carolina, and beyond. The property is conveniently located just 8 miles from Martinsville along Route 220, with proximity to Philpott Lake and Dam supporting consistent, year-round tourism demand.
Property Facts
| Price | $4,095,000 | Lot Size | 75.00 AC |
| Price Per SF | $1.25 | Building Size | 3,267,000 SF |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2020 |
| Property Subtype | Trailer/Camper Park | Parking Ratio | 0.04/1,000 SF |
| Building Class | B | ||
| Zoning | A-1, B-1 - General Agricultural, Limited Business | ||
| Price | $4,095,000 |
| Price Per SF | $1.25 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Trailer/Camper Park |
| Building Class | B |
| Lot Size | 75.00 AC |
| Building Size | 3,267,000 SF |
| No. Stories | 1 |
| Year Built | 2020 |
| Parking Ratio | 0.04/1,000 SF |
| Zoning | A-1, B-1 - General Agricultural, Limited Business |
Amenities
- Property Manager on Site
- Signage
- Waterfront
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 228180000 | Improvements Assessment | $38,600 |
| Land Assessment | $62,400 | Total Assessment | $101,000 |
Property Taxes
Parcel Number
228180000
Land Assessment
$62,400
Improvements Assessment
$38,600
Total Assessment
$101,000
Contacts
-
Pierce Brazil -
Dimitre Petrov -
Dylan Brazil -
Commercial Real Estate Investors Inc
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319 T B Stanley Hwy - Smith River RV Park
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