S Division St
Soap Lake, WA 98851
Purple Sage RV Resort · Land For Sale · 39.00 AC

OWNER ILLNESS forces sale. 189 space RV Resort development FOR SALE in Soap Lake, WA, world famous for its healing waters. Fully entitled for development. Save yourself 22 months of permitting approvals, Phase 1, engineering, and bidding. Quality RV Parks are in short supply. Purple Sage RV Resort is ideally positioned to be a dominate player in a high demand, short supply market. The immediate competition (which is inferior) is performing well. Designed by the nation's top RV Park designer, the project sits on 38+ acres and features 40x80 ft all pull thru paved sites. Near intersection of two state highways, 1M+ annual traffic count. Grant County is one of WA top recreational areas offering stunning scenery, 140 lakes within 1 hour drive, world-class fishing, hunting, hiking/biking. Be sure and watch 1.5 min video highlighting the area. The RV industry is experiencing explosive growth. RVIA projects a record number of RV shipments, 507,200, in 2021. As early as May 2020, the Wall Street Journal hailed RV vacations as “the safest way to travel” for a leisure trip. Forbes also dubbed 2020 as “The Year of RV Travel.” “The ability to set up camp near wilderness areas and less populated towns is a huge plus for many pandemic-weary travelers.” RV Statistics, Trends, & Facts CAMPERFAQS All these new RV’s need more park spaces. Forbes Magazine’s May 11, 2021 headline “Record RV Sales Spur Demand For New, Rehabbed RV Parks” says the demand is being driven by 3 factors: • “There is a move away from cities in a quest for wide-open spaces” • “Desire to vacation safely without getting too close to the public” • “Already booming demand for the RV lifestyle” is accelerated due to the pandemic The Purple Sage RV Resort is ideally positioned to capitalize on these dynamic trends. Highlights: • Estimated Construction Cost- $10,322,486 or $54,616/site • Proforma based on 65% average annual occupancy of nearby RV Parks • Appraised Value, "As Complete" - $16,410,000 • Appraised Value, "As Stabilized" - $21,060,000 • Stabilized Annual NOI- $2,106,276 Appraisal and Engineering plan sets are available upon request.