RV Park, Store, Restaurant, Laundry facilities and much more!
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Dante Perano
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RV Park, Store, Restaurant, Laundry facilities and much more!

Stones Road, Susanville , California 96130 - Lassen County
$1,300,000 14 Acres
Property ID 3853605

Description

Eagle lake RV, Restaurant, Store, Rec Room, Laundry facilities, etc. etc.

Current Appraisal at 1.8 million

Eagle lake RV Park and complex.

An exciting investment opportunity located in a popular area of Eagle Lake. Located on the north shore, Eagle Lake Resort (formally Mariners Resort) is located just outside of Susanville, California. Northern California.

This lake is known for its great fishing and the RV park is adjacent to 100 miles of BLM trails to ATV riding, horseback riding, running or going for a long peaceful walk.

This property needs a new owner to re-open and get a once thriving park up and going again. It is currently appraised at 1.8 million (not opened) and you could not re-build this park for the price we are asking therefore wanting a quick sell. Once opened and with financials this property most likely would be appraised higher which make this property have a great increased value upside along with great cashflow.

This RV park includes

13.77 acres

50 RV spaces with full hook-ups 30/50amps

7 RV backins available for buildout

Ball Park Area Leave as is or redevelop additional RV spaces

Dump station

Restaurant building with 2 Dining area Vaulted ceilings large fireplace

Walkin Freezer

Full Bar

Convenience Store with Office sign in area

Managers mobile home with three bedrooms and 2 baths

Bunkhouse 1bedroom and 1 bath with kitchen and living area

Shop building 960 square feet with all electric equipment

Standby backup diesel generator

Garage 2400 square feet fully insulated with wood burning stove

Laundry room and Restroom area 1140 square feet

Recreational room 1344 square feet with kitchen, mens and womans rest room

Public Sewer

We do not have current financials however these are our projections based on local market RV park rentals and only calculating on 3 months of income once full for peak season. However, most RV parks in the area are open from May 1 to October 31st (5 months) depending on weather.

ESTIMATED INCOME FOR RV PARK AND COMPLEX

50 SITES INCOME

Units 41- 46 and 50 (with park models on site) 2,150 annually. 7 sites = $15,050 annually. 43 sites average nightly at $33.00 (based on neighboring parks) at 120 days annually = 212,850.00 for a total of estimated income assuming once full for 150 days of 227,900.00.

OTHER INCOME POSSIBILITIES

Tent sites

2 restaurants

Bar

Convenience store

Gas Station

Laundry Income

Boat Storage

Venue for Weddings, family reunions, etc,

Dump fees,

More acreage for buildout for additional spaces

We are motivated sellers with an excellent opportunity for any serious investor looking to buy a RV Park, and we will look at any reasonable offer.

APPRAISAL JUSTIFICAITON

Taken from William G. Kimmel & Associates appraisal:

"In my judgement, Eagle Lake Resort is superior to the current Spalding Resort, based on comparative sales, it is my judgement that the market value of the subject property in its existing, or "as-is" condition, is estimated at $1,800,000.00."

Directions

From Susanville take CA-139 N/Ash Street.   Go approximately 30 miles.   Turn left onton Eagle Lake Rd and go about 1 mile then slight left onto Stones Rd.

Tax Data (Show Tax Data)

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Dante Perano

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    NOTE: The information contained herein is provided as general information only and has been obtained from sources deemed reliable. It is provided without any guaranty, warranty or representation, expressed or implied, made by Lands of America, or any related entity, as to the accuracy or completeness of the information. The information is presented subject to errors, omissions, change of price or conditions, prior sale or withdrawal without notice. Prospective purchasers should make their own investigations, projections and conclusions concerning the information.