For Sale
$5,900,000

139 Pioneer DrValdez, AK 99686

Valdez RV Park - 220 Sites, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents Eagle's Rest RV Park, Alaska's largest RV park, boasting 220 sites encompassing 172 RV sites, 19 cabins, and 29 glamping/tent sites. Situated on 11 acres overlooking Prince William Sound in Valdez, Alaska, this park commands a prime location near the Trans-Atlantic Pipeline, a significant source of high-paying jobs. The park's 2024 revenue is up over 9% compared to 2023, with NOI up nearly 35%. Pre-bookings for 2024 are 131% higher than 2023, indicating strong future performance. Currently operating at 62% occupancy, the park offers substantial upside potential. An on-site, unused 3/2 apartment could generate approximately $2,000 monthly rental income, and the underutilized storage building presents additional revenue opportunities. The addition of more cabin sites promises a high return on investment. Furthermore, an adjacent 14.27 acres of vacant land is available for purchase, providing significant expansion potential. Built in 1991 with renovations in the 2020s, this park is conveniently located along Alaska Route 4, 299 miles from Anchorage and 363 miles from Fairbanks. The asking price is $5,900,000.

Highlights

  • $5,900,000 asking price for this value-add investment opportunity.
  • 2024 pre-bookings are 131% higher than 2023, significantly impacting projected revenue.
  • Year-over-year increases of 46% in reservation revenue and 4% in occupancy as of June 17, 2024.
  • Alaska's largest RV park with 220 sites (172 RV, 19 cabins, 29 glamping) on 11 acres overlooking Prince William Sound.
  • Potential for ~$2,000/month rental income from a vacant 3/2 apartment and increased revenue from the underutilized storage building; additional cabin sites offer high ROI.
  • Adjacent 14.27 acres available for purchase and expansion.

Property Details for 139 Pioneer Dr

Property type
Mobile home & RV parks, Campgrounds
Year Built/Renovated
1991/2020
Lot Size (sq. ft)
480,031 SF

Location Insight

City
Valdez
County
Chugach
State
Alaska
Latitude
61.131027
Longitude
-146.346695
139 Pioneer Dr, Valdez, Alaska

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139 Pioneer Dr
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