135 Interlachen BlvdInterlachen, FL 32148

Property Details for 135 Interlachen Blvd

Year built

1990

Lot size

11.00 AC

Property type

Hospitality properties

Property subtype

Multifamily properties

Description

This exceptional 11-acre development opportunity in Interlachen, Florida, presents a fully entitled 116-pad RV resort. The property boasts a prime location, offering easy access to major cities like St. Augustine (one hour away), Gainesville (30 minutes), Ocala (45 minutes), and Orlando (1.5 hours). The site is also conveniently located near numerous natural attractions, including springs and lakes, hiking and biking trails, and more, ensuring high demand from outdoor enthusiasts. The existing infrastructure includes a 1,400 sq ft building with a new metal roof (2017). The property features a permitted Recreational PUD zoning, allowing for up to 133 spaces. Construction plans are complete for 116 spaces, including a mix of super sites, pull-thrus, and back-ins. Amenities planned include a clubhouse, lounge, bathhouse, resort-level pool, and a fully fenced perimeter. Extensive pre-development work is already completed, including boundary, topo, and tree surveys, environmental and traffic studies, and geotechnical sampling. The final site plan is fully engineered and approved, and the property is ready for phase 1 building permits. A clubhouse design is underway. The property's strong pro-forma projections, based on various nightly and weekly rate structures, indicate a significant return on investment. Comparable properties have sold for $5-7 million, with a similar park currently listed at $8.5 million. The asking price is $1,499,000, with a current NOI of $1,000,000, representing a 20% cap rate and a pro-forma cap rate of 55.59%. Seller financing is available. This is a rare opportunity to acquire a fully entitled RV resort development site in a high-demand location with exceptional potential for growth.

Location Insight

City

Interlachen

County

Putnam

State

Florida

Latitude

29.633

Longitude

-81.8867

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