2940 Sussex DrEmporia, VA 23847

Property Details for 2940 Sussex Dr

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 76-site mobile home park and campground, known as Emporia/I-95 KOA Holiday, presents a compelling investment opportunity in Emporia, Virginia. Strategically located along Interstate 95, this property enjoys high occupancy rates due to its convenient access for travelers along this major East Coast artery. The park currently features 76 pads, offering immediate income potential. Significant expansion potential exists, with the possibility of adding up to 40 additional sites on the northwest portion of the property. This area previously housed manufactured homes, which have been removed, and the existing zoning permits expansion as mobile home sites or RV sites, with county support leaning towards the latter. Furthermore, approximately 12-15 existing sites can be upgraded to premium "Patio and Paw-Pen" sites, enhancing revenue streams. The property also includes 18 decommissioned manufactured home sites ready for recommissioning. The existing septic system has undergone a complete overhaul within the last 18 months, and county sewer capacity has been reserved to accommodate the planned expansion of 40 additional sites. This property offers a unique blend of immediate income generation and substantial value-add potential through expansion and site upgrades, making it an attractive investment for those seeking a strong return on investment in a prime location. The opportunity for owner-operator self-management also presents the potential for significant cost savings.

Location Insight

City

Emporia

County

Greensville

State

Virginia

Latitude

36.7496

Longitude

-77.4894

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