For Sale
$3,500,000

600 Wilderness TrlCarencro, LA 70520

121-Space RV Park, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Class A RV park, Bayou Wilderness Campground, presents a lucrative investment opportunity. Located on 33.21 acres in Carencro, Louisiana (Lafayette Parish, zip code 70520), this property boasts 121 pull-through RV sites, offering a mix of 30-amp, 50-amp, and 30/50-amp options. The campground features a thriving general store generating over $185,000 in annual revenue, a refreshing pool, and a versatile event venue ("Cypress Room") capable of hosting up to 300 guests. Additional amenities include a 5,500 square foot, five-bedroom, six-bathroom lodge ("The Lodge") rentable via Airbnb, a pool house also available for rent, and a bathhouse and laundry facilities. The property benefits from two on-site wells for water and an oxidation pond sewer system. High-speed fiber optic internet is included in the rental rates. Currently, approximately 40 tenants have occupied their sites for at least six months, with occupancy historically around 50%, spiking during special events. The property enjoys a prime location, just eight minutes from a major Amazon fulfillment center and fifteen minutes from downtown Lafayette. A nine-million-dollar road extension project is underway nearby, further enhancing accessibility and value. The property's strong financial performance is reflected in its 9.05% capitalization rate and a net operating income (NOI) of $316,591. Seller financing is available. The asking price is $3,500,000, with a price per unit of $28,925.62. The APN is 6175238. Please note that access to the property requires prior approval.

Highlights

  • $3,500,000 asking price, 9.05% cap rate, $316,591 NOI.
  • 121-space RV park on 33.21 acres in Carencro, LA (Lafayette MSA).
  • Features include a general store, pool, and event venue.
  • Seller financing available.

Property Details for 600 Wilderness Trl

Property type
Mobile home & RV parks, Campgrounds
Class
A
Lot Size (sq. ft)
1,446,628 SF
Units
121

Location Insight

City
Carencro
County
Lafayette Parish
State
Louisiana
Latitude
30.3053405
Longitude
-91.9824663
600 Wilderness Trl, Carencro, Louisiana

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600 Wilderness Trl
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