Leisure Lakes RV Park - 58 pads - Expansion Opportunity
|Catylist Listing ID:
Mobile Home Park, Other
|Number of Units:
|Building Size (RSF):
|Gross Building Area:
|Gross Land Area:
|Property Use Type:
||Cash to Seller, Purchase Money Mortgage
Overview / Comments
See Drone Video of RV Park and surrounding area
. Fifty eight (58) pad RV Park with Tremendous Growth Potential!! LOCATION-LOCATION!! Situated in the rapidly growing Beulah area along Nine Mile Rd (Alt US Hwy 90), 2.5 miles from I-10 exit 5, one mile from the Navy Federal Credit Union Complex (with over 8,000 employees), 1/2 mile from the Escambia County newly acquired ~635 acre parcel to be developed (previously Navy Outlying Field Site-8) and .3 miles from the new Publix on Beulah Rd. In addition to the 58 RV pads there is a 2 BR/1BA home (rented), on-site coin laundry, double-wide mobile home currently used as the park office. There is an additional ~2.5 acre site currently being used as storage area but owners have plans for 40 additional RV pads. 54 RV pads plus the home are long term rentals and 4 RV pads are short term/weekly rentals. Rents have not been increased for a couple years–-a $50 per pad increase would push the cap rate to over 9%. Income can also be increased by shifting pads from long term rental rates to short term/weekly rentals.
Attachments & Media
|Property Located Between:
||Navy Federal Credit Union Call Center and Beulah Rd
||Interstate 10 (2.5 mi); US Hwy Alt 90 (W. Nine Mile Rd) frontage
||Pensacola International Airport
||THE NORTHEAST QUARTER OF THE NORTHWEST QUARTER OF SECTION 8, TOWNSHIP 1 SOUTH, RANGE 31 WEST OR 7498 P 971 OR 7974 P 1534 LESS W NINE MILE RD R/W LESS COMMENCE AT THE NORTHEAST CORNER OF SECTION 8, TOWNSHIP 1 SOUTH, RANGE 31 WEST, ESCAMBIA COUNTY, FLORIDA; THENCE SOUTH 00 DEGREES 11 MINUTES 25 SECONDS WEST ALONG THE EAST LINE OF SAID SECTION FOR A DISTANCE OF 89.95 FEET TO THE INTERSECTION WITH THE SOUTH RIGHT-OF-WAY LINE OF 9 MILE ROAD (US HWY. 90 A, STATE ROAD 10, 200 FOOT RIGHT-OF-WAY); THENCE DEPARTING SAID EAST LINE SOUTH 89 DEGREES 50 MINUTES 09 SECONDS WEST ALONG SAID SOUTH RIGHT-OF-WAY A DISTANCE OF 2653.58 FEET TO THE POINT OF BEGINNING; THENCE CONTINUE SOUTH 89 DEGREES 50 MINUTES 09 SECONDS WEST ALONG SAID RIGHT-OF-WAY A DISTANCE OF 290.00 FEET; THENCE DEPART SAID SOUTH RIGHT-OF-WAY SOUTH 02 DEGREES 16 MINUTES 57 SECONDS EAST A DISTANCE OF 637.28 FEET; THENCE SOUTH 28 DEGREES 05 MINUTES 54 SECONDS EAST A DISTANCE OF 224.28 FEET; THENCE NORTH 89 DEGREES 50 MINUTES 16 SECONDS EAST A DISTANCE OF 157.50 FEET; THENCE NORTH 00 DEGREES 06 MINUTES 07 SECONDS EAST A DISTANCE OF 835.00 FEET TO THE AFORESAID SOUTH RIGHT-OF-WAY LINE AND POB LESS OR 7507 P 1124 STATE OF FL
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