For Sale
$4,000,000

16191 Siena StSummerdale, AL 36580

Coastal Alabama RV Park, Great Investment

Overview

Added:
Dec 11, 2024
Days on market:
115
Rainbow Plantation RV Park, located at 16191 Siena St, Summerdale, AL 36580, presents a compelling investment opportunity. This 49.2-acre RV park boasts 119 sites, currently operating at 57% occupancy. Built in 1992, the park features amenities including a clubhouse, swimming pool, dog park, laundry facilities, and a bathhouse. Many sites offer full hookups. The park's strategic location in coastal Alabama, 32 miles from Mobile, places it within easy reach of pristine beaches and regional attractions. Significant upside potential exists through expansion onto the remaining 31 acres of undeveloped land and by converting from a majority-membership model to a traditional rental model, allowing for increased rates and occupancy. Currently, average nightly rates are approximately $11, with market rates in the $30-$35 range. The asking price is $4,000,000, representing approximately $33,613 per site. This presents a value-add opportunity with potential for substantial revenue growth through rate increases, site upgrades (including premium Wi-Fi and cable options), and the addition of amenities such as cabins. The existing management team is in place, providing a smooth transition for a new owner. The park's proximity to Mobile and Pensacola, along with attractions like the Foley outlets and Hot Air Balloon Festival, further enhances its appeal and potential for increased occupancy.

Highlights

  • Rainbow Plantation RV Park, a 49.2-acre property with 119 sites, currently operates at 57% occupancy with average nightly rates of ~$11.
  • Significant revenue growth potential exists by converting to a traditional rental model and increasing rates to market value ($30-$35/night).
  • Strategically located 32 miles from Mobile, AL, near beaches, Foley outlets, and the Hot Air Balloon Festival, offering easy access to regional attractions.
  • Existing management team ensures a smooth transition for a new owner.
  • Value-add opportunities include rate increases, site upgrades (premium Wi-Fi/cable), adding cabins, and expanding onto 31 acres of undeveloped land.

Property Details for 16191 Siena St

Property type
Mobile home & RV parks, Campgrounds
Year Built
1992
Lot Size (sq. ft)
2,143,152 SF

Location Insight

City
Summerdale
County
Baldwin
State
Alabama
Latitude
30.4612145
Longitude
-87.7815235
16191 Siena St, Summerdale, Alabama

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].
16191 Siena 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