205 Pacific HWY Active Save Request In-Person Tour Request Virtual Tour
Talent,OR 97540
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2 sqft
Price per Sqft $997,500
MLS Listing ID 220181356
Annual Tax Amount $9,591
Lot Size 2.280 Acres
Property Description
Rare opportunity to buy an RV park in Talent. The Wagner Creek RV park is located on South Pacific Highway, just a short drive to I5 and just 10 minutes from Ashland. Formerly a mobile home park that was destroyed in the Almeda fire. The infrastructure was re-built so everything is new and the use changed to an RV park. Park currently has 27 spaces and 2 additional apartment rentals in the frame building. Spaces are oversize because they were designed for mobile homes so there is upside potential to add more RV spaces by re-arranging the park lay out. Park has a small coin-op laundry for additional income. Public sewer and water. Individual utilities are billed back to the tenants. Current Cap rate is 5.28% and with a small expansion (5 extra spaces) it could rise to 8.5%. See attached income and expense report and financial measures report.
Location
State OR
County Jackson
Interior
Heating Other
Cooling Other
Exterior
Garage Asphalt,Gravel,RV Access/Parking
Roof Type Metal
Building
Foundation Other
Water Public
Structure Type Frame
New Construction No
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard