For Sale
$1,600,000

6367 Bayou Black DrGibson, LA 70356

103-site RV park, high-growth potential

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 103-site RV park, situated on 92.6 acres in Gibson, Louisiana (70356), presents a compelling value-add investment opportunity. Located approximately 20 miles west of Houma and conveniently positioned between Baton Rouge and New Orleans, this property benefits from strong regional tourism. The park's proximity to the Gulf of Mexico, New Orleans, and Lafayette enhances its appeal. Built in the late 1990s, the resort currently operates under a membership model, offering significant upside potential for a new owner. The asking price is $1,600,000. The property is currently unzoned. A buyer can capitalize on the opportunity to transition the park to a traditional RV park model, increasing occupancy to 40-45% and nightly rates to $60 or more. Further revenue growth can be achieved through various strategies, including optimizing the transient/extended-stay site mix, adding cabins or lodges, implementing electric billing for extended stays, expanding the camp store and vending operations, upgrading WiFi and cable services, and potentially expanding the park itself. The property is ready for stabilization post-membership club operation, with existing management in place. This represents a chance to acquire an underperforming asset at a price significantly below replacement cost, achieving a high double-digit unlevered yield. The property is located off Bayou Black Drive.

Highlights

  • Hideaway Ponds currently operates as a membership-based extended-stay RV park, with no active member sales.
  • The property is ready for conversion to a traditional RV park, targeting 40-45% occupancy at $60+/night. Conveniently located off Hwy 65, across Lake Taneycomo from Branson, MO, with easy access to area attractions.
  • Significant revenue growth potential through rate increases, improved occupancy, optimized site mix, adding cabins/lodges, implementing electric billing, expanding the camp store, and upgrading amenities (WiFi/cable).
  • Excellent location, one hour west of New Orleans, 85 minutes from Lafayette, and 90 minutes from Baton Rouge, ensuring strong demand as a traditional RV park.
  • Existing management in place, ready to stabilize operations following the transition from a membership model.

Property Details for 6367 Bayou Black Dr

Property type
Mobile home & RV parks, Campgrounds
Lot Size (sq. ft)
4,033,656 SF
Units
103

Location Insight

City
Gibson
County
Terrebonne Parish
State
Louisiana
Latitude
29.6809355
Longitude
-90.9909632
6367 Bayou Black Dr, Gibson, Louisiana

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6367 Bayou Black Dr
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