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319 T B Stanley Hwy
Bassett, VA 24055

$4,400,000 USD

Trailer Camper Park For Sale • 6,200 SF

Property Details

Property Type Trailer Camper Park
Total Building Size 6,200 SF
Lot Size 75 AC
Building Class B
Year Built 2020
Cap Rate 7.95 %
Zoning A-1, B-1

0 Transit Score

27 Walk Score

Description

-The Smith River RV Park is an established 122 site RV park located in the scenic Smith River valley in Bassett, VA with significant upside potential

-Total land area is 75 acres with over 700 ft of frontage on T B Stanley Hwy

-Bassett, VA is sandwiched between Roanoke, VA (97,000 people), Greensboro (301,000 people), and Winston Salem (251,000 people). - 12 mi to Martinsville Speedway, 10.6 mi to Philpott Dam (the source of the Smith River), and 9.4 mi to Fairy Stone State Park

-8% cap rate based on the trailing 12 months of NOI ($350,079.55) with significant value add potential with building out the additional sites (69 additional sites already approved)

-Year over year growth has shown to be 16% so far, and it appears it should continue to grow.

-Newly constructed, well built, and well cared for

Property Flyers

Smith River RV Park OM..

Cap Rate:

7.95 %

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	122
Type:	Surface
Included in Rent:	Yes

Max Kinser 404-791-0865 McCoy Wright, Inc.

319 T B Stanley Hwy Bassett, VA 24055