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Jared Hambrook

jaredh@legacyre.com +1(503) 930-2124

$ 1,995,000

Est. payment -/mo

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Active

205 Pacific HWY Talent, OR 97540

2 SqFt

UPDATED:

10/12/2024 02:13 PM

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

Acres 2.28

Lot Dimensions 2.28

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

Parking Type Asphalt, Gravel, RV Access/Parking

Building

Entry Level Two

Foundation Other

Water Public

Structure Type Frame

New Construction No

Others

Senior Community No

Tax ID 10276661

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Windermere Van Vleet & Assoc2

Jared Hambrook

Principal Broker | License ID: 201211534

+1(503) 930-2124

Jared Hambrook

205 Pacific HWY Talent, OR 97540

Key Details

Location

Interior

Exterior

Building

Others

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205 Pacific HWY