For Sale
$5,950,000

316 1 StCosmopolis, WA 98520

Luxury RV Park, 81 Spaces, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
117
Exceptional investment opportunity: River Run RV Resort, a Class A, 81-space RV park in Cosmopolis, WA (Aberdeen mailing address, zip 98520). This meticulously maintained property boasts 57 RV sites completed in 2021 and a recent 24-site riverfront expansion finished in 2024. The resort features a modern, single-story building housing a one-bedroom apartment (currently rented at $2,500/month), an office, restroom/shower facilities, and laundry amenities. The property sits on 6.34 acres and benefits from new city water, sewer, and electrical services installed in 2021. A US Army Corps of Engineers-built levee ensures riverfront access along the Chehalis River. Turnkey operation is ensured by on-site management and reservation software, with an on-site caretaker receiving free rent and a $1,000/month stipend. The resort maintains a 10-year RV age requirement (2012 and newer) for stays exceeding 30 days. Its prime location offers easy access to Highway 101, Olympic National Park (50 miles), Ocean Shores and Westport (20 miles), and local attractions including a boat launch, golf course, and trailway. Financial highlights include an asking price of $5,950,000, a current NOI of $369,815 (6.22% cap rate), and a pro-forma NOI of $567,739 (9.54% pro-forma cap rate). Each of the 81 pads can accommodate 40-46' Class A luxury RVs, with ample spacing between units. The property's landscaping features black crushed rock and circular driveways. This is a rare opportunity to acquire a high-performing, well-managed RV resort in a desirable location.

Highlights

  • 81 total RV spaces; 57 completed in 2021, 24 riverfront spaces completed in 2024.
  • Amenities include a one-bedroom apartment, office, restrooms/showers, and laundry facilities.
  • Turnkey operation with on-site management and reservation software.
  • Chehalis Riverfront access with a US Army Corps of Engineers levee.
  • Connected to new city water and sewer utilities.

Property Details for 316 1 St

Property type
Mobile home & RV parks, Campgrounds
Class
A
Year Built/Renovated
2021/2023
Buildings
1
Stories
1
Lot Size (sq. ft)
276,170 SF
Units
81

Location Insight

City
Cosmopolis
County
Grays Harbor
State
Washington
Latitude
46.9610062
Longitude
-123.7781194
316 1 St, Cosmopolis, Washington

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
316 1 St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message