For Sale
$2,750,000

559 Ma-2Charlemont, MA 01339

145-Site Waterfront RV Park, High Growth Potential

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional 145-site RV park and campground in Charlemont, Massachusetts, presents a compelling investment opportunity. The property boasts 70 seasonal RV sites (20 riverfront, 50 standard), averaging $2,607 per season, and 10 transient sites averaging $60 per day. Adding to the revenue streams are nine tenant-owned mobile homes with an average monthly lot rent of $475, six cabins averaging $3,000 per season, and 50 tent sites averaging $50 per day. The current below-market seasonal rates offer significant upside potential, with projections indicating a gross operating income of $784,079 within three years by aligning rates with market standards. This represents an increase of approximately $673 per season compared to neighboring campgrounds. Further enhancing the property's value are a renovated 200-seat restaurant and a 2,700 square foot, four-bedroom, three-bathroom house, currently not generating income but offering substantial potential for additional revenue through reopening the restaurant and utilizing the house as a short-term rental. The property is conveniently located at 559 MA-2, Charlemont, MA 01339, and benefits from proximity to a nearby ski resort. Seller financing is available up to $1,925,000, requiring an $825,000 down payment, a 6.0% interest rate with interest-only payments for two years, a five-year term, and amortization over thirty years. This is a rare chance to acquire a thriving waterfront campground with substantial growth potential.

Property Details for 559 Ma-2

Property type
Mobile home & RV parks, Campgrounds
Units
145

Location Insight

City
Charlemont
County
Franklin
State
Massachusetts
Latitude
42.6272983
Longitude
-72.8781183
559 Ma-2, Charlemont, Massachusetts

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559 Ma-2
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