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469 River Rd 6,500 SF Specialty Building Offered at $2,400,000 at a 12.08% Cap Rate in Lakeview, AR 72642
INVESTMENT HIGHLIGHTS
- This resort has so much income potential it is difficult for current owners to let go and allow new owners to double the income.
- Rv spots have potential to double income with time.
- One of the most popular White River Resorts in Arkansas. Lots of returning guests. Very popular name.
EXECUTIVE SUMMARY
Having owned the resort for a full year and made numerous upgrades, the current owners are now ready to travel and pursue new adventures. The opportunities for additional revenue are virtually endless and could include adding more cabins, boat rentals, golf cart rentals, guided fishing services, operating the fly shop, a propane fill station, bike rentals, canoe or float trips, filling rv sites with monthly guests, and more.
Copper John's Resort has a loyal customer base, with many guests returning year after year.
PROPERTY FACTS
| Price | $2,400,000 | Property Subtype | Trailer/Camper Park |
| Price Per SF | $369.23 | Building Class | B |
| Sale Type | Investment or Owner User | Lot Size | 6.50 AC |
| Cap Rate | 12.08% | Building Size | 6,500 SF |
| Sale Condition | Business Value Included | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1985 |
| Price | $2,400,000 |
| Price Per SF | $369.23 |
| Sale Type | Investment or Owner User |
| Cap Rate | 12.08% |
| Sale Condition | Business Value Included |
| Property Type | Specialty |
| Property Subtype | Trailer/Camper Park |
| Building Class | B |
| Lot Size | 6.50 AC |
| Building Size | 6,500 SF |
| No. Stories | 1 |
| Year Built | 1985 |
ABOUT 469 RIVER RD , LAKEVIEW, AR 72642
This historic resort on the White River is known for its rustic cabins and scenic riverside setting. The property features 13 rental cabins, 50 RV sites, and a commercial storefront currently leased as a fly shop and fishing guide service. Previous owners have operated the fly shop and guide service themselves as a source of additional income. The Cottage would make a great home for owners to live in if they decided to live in site. Current owners do not live on site. Having owned the resort for a full year and made numerous upgrades, the current owners are now ready to travel and pursue new adventures. The resort is producing great revinue and profits currently, but the potential for additional revenue are virtually endless and could include adding more cabins, boat rentals, golf cart rentals, guided fishing services, operating the fly shop, a propane fill station, bike rentals, canoe or float trips, filling rv sites with monthly guests, and more. Copper John's Resort has a loyal customer base, with many guests returning year after year.
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Like New Rentals - 6444 S Hwy 178
469 River Rd
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