32100 Benbow DrGraham, WA 98338
- Specialty properties
Property Details for 32100 Benbow Dr
- Property type
- Specialty properties
- Property subtype
- Marinas
Description
Exceptional investment opportunity: A 296.09-acre distressed property featuring Camp Lakeview Resort on Lake Tanwax, near Mt. Rainier National Forest. This unique property includes a marina, 51 RV spaces (42 long-term rentals), 16 additional RV sites, and 65 campsites. The resort boasts event facilities including the 1,950 sq ft Timber Lodge (seats 175), the 14-room Cedar Lodge (sleeps 53), and a restored chapel (seats 100). Five cabins and seven cottages with full kitchens provide additional lodging. Located 32 miles from Tacoma and 54 miles from Seattle, this property offers significant potential for increased revenue through improved marketing and operations of the RV sites, cabins, and event facilities. The asking price is $4,250,000, with a pro-forma NOI of $335,000 and a 7.88% cap rate. The sale is court-ordered, offering a fresh start for a new owner. Excess forested land presents further development possibilities. Alcohol sales are not deed-restricted.
Location Insight
- City
- Graham
- County
- Pierce
- State
- Washington
- Latitude
- 46.9647
- Longitude
- -122.255
Comparable in this City
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