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A Beauty Between the beach and the Bay on 182 acres - 39870

Southeast Region

$6000000
Are you looking for a business that has endless possibilities? Well, you have found it!! Location! Expansion room galoreon this 182+/- acres, and so much more! The opportunity to increase the gross sales is endless with the new 13 unit condo construction project that is almost completed! There are over 2,000 feet of quiet, peaceful beachfront property and approximately 5000 feet of bay front located at a state ferry terminal with a mandatory stopping point for tens of thousands of tourists per year! Private boat ramp inside the campground on the bay with ocean access & a deep water public boat ramp with a large parking area & ocean access are at each end of the campground. Do you love horses? Well, a thriving & very profitable horseback riding on the beach business is included as well as a newly renovated horse barn. Don’t know anything about horses, no worries! The park manager on site manages the barn and horses as well and would love the opportunity to stay on! Views from most spots in the campground are fantastic. 30 sites are directly on the water and several others have water views. The campground has had huge growth in each of our 4 years of operation with 2021 being a breakout year. A 16 room motel has had great growth in each of its 4 years of operation with our highest percentage growth by far in 2021. Additional revenues come from a US Post Office lease and a restaurant lease with a retail building on-site.

Details

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Amenities

  • On Water
  • Ocean
  • Ponds
  • Laundry
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Features

Your guests will enjoy the amazing beaches, abundant wild life with Spanish horses roaming the island beaches, which are surrounded by the peaceful waters. There is great fishing on the property in the bay as well as along the beach.  The canoeing/kayaking amenity creates additional revenues. Guests can take our canoes and kayaks for miles through beautiful marsh grass and the shallow waters of Cedar Island Bay. The Bay goes all the way to the ocean but it’s several miles before you would get to any rough waters so it is perfect for kayakers.   A 50 x 50 foot fenced dog park is free to guests and was added in 2020. A playground has been added in 2020 for small children near the bath house. The bath house has 2 showers and 3 toilets for the women and 2 showers, 2 toilets & a urinal for the men. Each side has 3 sinks. Two outdoor showers were added in 2020 for our guests as well.  The Visitor Center & Gift Shop offers ice, firewood, soft drinks, bug spray, suntan lotion, shirts, hats, beach & swimming accessories, and other vacation essentials.

Property Brief

Brief

  • Sites
    68
  • Full Hookup Sites
    37
  • Seasonal Sites
    12
  • Total Acres
    182
  • Acres Left to Expand
    50
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Net Operating Income

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Year
Gross Sales
Operating Cost Adjustment
Cap Rate
Net Operating Income ($)
2021
Available
Available
Available
Available
2020
Available
Available
Available
Available
2019
Available
Available
Available
Available

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