For Sale
$2,500,000

6029 Salmon River HwyOtis, OR 97368

41-Unit Oregon RV Park - High ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity awaits with this 41-unit RV park nestled on over 7 acres along the scenic Salmon River in Otis, Oregon. This established business boasts consistently high occupancy rates, averaging less than 1% vacancy over the past five years, ensuring a reliable income stream. The park features convenient on-site laundry facilities and restrooms for guest comfort. Located a short 15-minute drive north of Lincoln City, this prime location offers easy access to popular attractions and amenities. The property's strong financial performance is highlighted by a current capitalization rate of 7.34%, projected to increase to 7.95% in 2025. This translates to a significant return on investment for the discerning buyer. The asking price for this thriving RV park is $2,500,000. With its proven track record, desirable location, and projected growth, this represents a rare opportunity to acquire a well-established and profitable business in a sought-after Oregon coastal area. The property's 41 units provide ample capacity for a diverse clientele, ensuring continued success. This turnkey operation requires minimal operational overhead, making it an ideal investment for both seasoned and new investors seeking a stable and rewarding venture. The property's location near Lincoln City provides access to a large tourist base, further enhancing its potential for growth and profitability. This is a truly exceptional opportunity to own a piece of Oregon's beautiful coastline and enjoy the benefits of a high-performing investment.

Highlights

  • 41-unit RV park on over 7 acres in Otis, Oregon.
  • 15-minute drive to Lincoln City.
  • 7.34% current capitalization rate, projected to increase to 7.95% in 2025.

Property Details for 6029 Salmon River Hwy

Property type
Mobile home & RV parks
Units
41

Location Insight

City
Otis
County
Lincoln
State
Oregon
Latitude
45.017917593797
Longitude
-123.86992721842
6029 Salmon River Hwy, Otis, Oregon

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6029 Salmon River Hwy
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