For Sale
$599,000

6791 Wa-106Union, WA 98592

Prime Commercial Waterfront Investment

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 1.75-acre commercial property in Union, Washington, presents a lucrative investment opportunity. Located on Hood Canal with 160 feet of waterfront, the property boasts three established RV sites currently operating at 100% occupancy, generating a Pro-Forma NOI of $138,647 and a 23% Pro-Forma Cap Rate. The asking price is $599,000, offering a strong return on investment. Included is a high-end fifth-wheel RV consistently renting for $350 per night. The property is commercially zoned and features owned tidelands, presenting potential for oyster farming. An existing structure, previously a successful espresso stand, offers additional development potential. With its existing income stream and significant expansion possibilities, this property is poised for substantial growth. Built in 1985, this free-and-clear property offers a rare chance to acquire a thriving waterfront business with immediate cash flow and significant upside. The property is located at 6791 WA-106, Union, WA 98592, in Mason County.

Highlights

  • $599,000 asking price for a 1.75-acre commercial waterfront property.
  • 100% occupancy mobile home park with three RV sites generating $138,647 in pro-forma NOI and a 23% pro-forma cap rate.
  • Located in Union, WA, on Hood Canal with 160 feet of waterfront.
  • Includes a 5th wheel RV generating short-term rental income.
  • Commercially zoned with potential for expansion and oyster farming.
  • Features a former espresso stand building.

Property Details for 6791 Wa-106

Property type
Mobile home & RV parks, Land
Year Built
1985
Stories
1
Lot Size (sq. ft)
76,230 SF

Location Insight

City
Union
County
Mason
State
Washington
Latitude
47.3485509
Longitude
-123.07417705
6791 Wa-106, Union, Washington

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6791 Wa-106
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