For Sale
$2,750,000

9429 Us Highway 27Fort White, FL 32038

Turnkey RV Park, High Occupancy, Strong ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity: Sweetwater Campground, a fully entitled 14-unit turnkey RV park in Fort White, Florida (32038), is now available for $2,750,000. This Class B property boasts a 75% occupancy rate, generating a Pro-Forma NOI of $328,056 and a Pro-Forma Cap Rate of 11.93%. Situated on 2 acres near the popular Ichetucknee Springs, this prime location ensures high demand. The property includes 14 fully furnished cabins, offering immediate revenue generation from camping fees and potential for additional amenities. The property is zoned A-3 and features a convenient location on 9429 SW US Highway 27. The asking price of $2,750,000 equates to $196,428.57 per unit. This turnkey operation presents a compelling investment opportunity with a strong potential for return. Fully entitled plans and land-only options are also available. The APN is 29-6S-16-03969-005. This is a rare opportunity to acquire a thriving RV park in a desirable location.

Highlights

  • $2,750,000 asking price for this 14-unit RV park.
  • Multifamily, Class B RV park investment opportunity.
  • 11.93% pro-forma cap rate with $328,056 pro-forma NOI.
  • 75% occupancy rate.
  • Located on 2 acres in Fort White, FL (APN: 29-6S-16-03969-005), near Ichetucknee Springs.
  • Zoned A-3.

Property Details for 9429 Us Highway 27

Property type
Mobile home & RV parks, Campgrounds
Class
B
Lot Size (sq. ft)
87,120 SF
Units
14

Location Insight

City
Fort White
County
Columbia
State
Florida
Latitude
29.938971
Longitude
-82.736441
9429 Us Highway 27, Fort White, Florida

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9429 Us Highway 27
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