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Lake Panasoffkee Florida new RV Park!

$ 695,000
$ 695,000
Sold
RV Parks/Campgrounds
1914 North County Road 470, Lake Panasoffkee, FL 33538, USA

Details

Number of Sites: 36
Acres 4.89

Description

Here’s YOUR opportunity to enter the RV Park ownership market in a great location in FLORIDA! LAKE PANASOFFKEE   area is very convenient to the highly populated area surrounding The Villages.  For outdoor enthusiasts, the fishing is Great and golf courses abound!  So, it’s a desirable retirement area and a welcoming spot for short term or long term tenants!

 

Investment Details

Broker

Marie Hansen

Executive Summary

Many prospective buyers who contact RVParkSales.com want to buy a ‘starter park’.  And they would like a nice location with great potential.

Note:  The majority of buyers who contact us request a ‘First Choice’ location in Florida.   And they want to be near a MSA population base, with lots of recreational opportunities, dining, entertainment and in a high demand market area.  We’ve got it all in this location convenient to The Villages and all that area offers.

Remember:  LOCATION, LOCATION AND RV PARK LOCATION!

Well, here it is.  You are getting a KILLER PRICE, and great OWNER FINANCING (if you need that) to get you started.  This park is fully approved and mostly completed.

Here’s what is left to be done and ESTIMATED costs to complete it:

1. Fence installation – $59,500
2. Septic system installation – $105,000
3. Environmental Engineering services required – $3,300
4. Completion of electric work required – $31,400
5. Installation of light post required – $25,700
6. Installation of bath house required – $72,833.67
7. Site work – $200,000 (This is an estimate)
Total Cost = $497,733.67 – This is an accurate estimate but
may be slightly more or less.

These numbers come from the Seller and are believed to be accurate based on bids.  (You should source your own bids to be confident during Due Diligence.)

So, if your ‘Going In’ money is not as much as you’d like, use part of it to do the repairs and use part for the down payment.

Leverage your buy and then contact marie@rvparksales.com for tips on getting it up and running and marketing it to bring the guests in.

Investment Highlights

The property itself has 36 sites set on 4.89 acres.  It’s all new and very close to completion.  The road bed is in and needs surfacing.  The area for the septic tank is ready for installation, and ready to connect lines.  This could be an excellent location for long term tenants in mobile homes or RVs.

The property is well designed to operate as an RV park, or for a different investment, set up long term MH lots for rentals or individual sales.  Options abound!

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Marie Hansen
marie
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Confidentiality and Non-Disclosure Agreement(Required)
  1. Confidentiality. Prospect and Prospect’s Broker acknowledge that all information and materials     provided by Listing Broker  regarding the above referenced Property is confidential and may not be used for any purpose other than evaluation.   Prospect’s and Prospect’s  Broker’s dissemination of any information and materials provided by Listing Broker will be limited to attorneys, accountants, banking representatives, and business advisors directly involved with the above-referenced Property.  In the event the transaction is not successful, Prospect and Prospect’s Broker will immediately return to Listing Broker any information and materials provided by  Listing Broker.
  2. Non-Disclosure Listing Broker, Prospect, and Prospect’s Broker agree not to disclose to any other person the fact that any discussions or negotiations are taking place with regard to the Property,  the actual or potential terms, conditions, or facts involved in any such discussion or negotiations.
  3. Non-Circumvention Prospect and Prospect’s Broker agree not to contact the Property owner, landlord, tenants,   employees, or customers except through Listing Broker. Prospect and Prospect’s  Broker further agree not to circumvent or interfere with Listing Broker’s contract with owner/landlord in any way.
  4. Verification of Data.  No representation is made by Listing Broker as to the accuracy of the information and  materials provided. Prospect and Prospect’s Broker agree to thoroughly review and independently verify the information  and materials provided.  Listing Broker advises Prospect and Prospect’s Broker to consult appropriate professionals for legal, tax, environmental, and  other specialized advice concerning matters affecting the Property and the transaction  contemplated.
  5. Disputes. This agreement will be construed in accordance with the laws of the State of  Florida. The Listing Broker will be entitled to all remedies provided by law, including but not limited to injunctive relief and damages. In any litigation arising out of this agreement, the prevailing party will be entitled to recover from the non-prevailing party reasonable attorney’s fees, costs, and expenses.
  6. Term. This agreement will terminate in 1 year after the conclusion of any discussions or negotiations regarding the above-referenced Property.
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