Double sale / Rv Park and Self Storage / I-10 Exit 53

Multi-Family for Sale
Also listed as Hospitality
Catylist Listing ID: 30860218
Property Subtypes: Mixed Use, Mobile Home Park, Other
Number of Units: 99 Units
Building Size (RSF): 12,000 SF
Gross Building Area: See Agent
Gross Land Area: 10.50 Acres
Sale Price: $4,500,000
Unit Price: $45,454.55 Per Unit
Property Use Type: Business
Building Name: Hiltop RV Park & Storage
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Vacation Rental Income: Yes
Last Updated: 7/19/2024

Overview / Comments

Hilltop RV Park:

This thriving RV park is a beacon of convenience, situated within a 15-25 mile radius of key attractions, including the pristine Gulf coast beaches, state parks, rivers, lakes, dining establishments, shopping centers, entertainment venues, and the Pensacola International Airport.

The park boasts 97 spacious RV lots, catering to various needs, with 57 pull-through and 40 back-in options, few equipped with with 30 amp and rest with 50 amp hookups. The property also includes two mobile homes - (rented full time), an office, maintenance shed, pavilion, clubhouse with a full kitchen, bathrooms, showers, a coin-operated laundry room, and even a dedicated dog park area. There's also ample space for tent camping, making it a versatile and welcoming destination for various types of guests.

Recent enhancements have been made to elevate the park's overall appeal. These include fresh interior paint, a fully renovated bathhouse, improved Wi-Fi connectivity, new A/C units, state-of-the-art surveillance cameras for enhanced security, and more. With mostly 100% occupancy and a substantial gross income of $409,603.11 collection over the past 12 months, the park presents an incredible income-generating opportunity. There's also the potential to increase revenue by accommodating more nightly tenants.

Hilltop Self Storage:

In addition to the RV park, the property includes Hilltop Self Storage, a well-maintained self-storage facility on 1.5 acres of land. This facility offers 11,000 square feet of enclosed space and features 78 storage units in various sizes. With a fully fenced property, the facility has great visibility, thanks to its 214 feet of frontage and easy access to Interstate I-10. It's configured for remote management and provides online access for bookings and payments through "easystoragesolutions." The office space can also be utilized for on-site rental operations. The facility generated a gross income of $32,000 over the last 12 months, adding to the overall income potential of this property.

Don't miss this incredible opportunity to invest in a thriving property strategically located in Baldwin County, Alabama, offering a blend of convenience, income potential, and a strong track record as one of the area's most enduring RV parks.

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Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 05-41-01-12-0-000-012.037
Percent Occupied: 98%
Community Amenities: Community Building, Recreation Room
Property Located Between: Co Rd 64, I-10
Highway Access: Interstate 10
Area Description: Hilltop RV Park is situated in Baldwin County, Alabama, right on Exit 53 Interstate-10, conveniently located between Mobile, AL, and Pensacola, FL. It is one of the longest continually operating RV parks in Baldwin County. The park's central location places it within a 15-25 mile radius of various main attractions, including the stunning Gulf Coast beaches, state parks, rivers, and lakes, as well as dining, shopping, entertainment, and Pensacola International Airport. The park benefits from being close to a significant population base.
Total Number of Buildings: 5
Property Condition: Excellent
Number of Stories: 1
Year Built: 1990
Year Renovated: 2023
Laundry: Shared
Lot Frontage: 857
Lot Depth: 610
Water Service: Well
Sewer Type: Septic
Land Ownership: Full
Legal Description: Hiltop RV Park - ppin 213396 9 AC(C) BEG AT THE NE COR OF THE SW1/4 SEC 12 RUN S 40' TO T HE POB CONT W 642.7', TH S 608.7', TH E 642.7', TH N 608.7' TO THE POB SEC 12-T5S-R4E (WD) Hiltop Storage - ppin 115456 214.7 X 608.7' FM NE COR OF SW1/4 OF SEC 12 RUN TH S 40' TO PT; TH W 684.10' FOR POB; TH RUN S 608.7'; TH W 214.7'; TH N 608.7'; TH E 214.7' TO POB SEC 12-T5S-R4E (WD)

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,626 9,542
Median Age: 41.21 38.74
Households: 972 3,482


Photograph of Listing Agent

Alla Nikitina

Ryals Realty Gulf Coast CMLS Member
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