7369 Wheeler RdLockport, NY 14094

Property Details for 7369 Wheeler Rd

Property type

Mobile home & RV parks

Property subtype

Campgrounds

Description

This exceptional 58+ acre RV park and campground, located in Lockport, NY (7369 Wheeler Rd, 14094), presents a significant investment opportunity. The property boasts 236 sites, including 122 seasonal RV sites averaging $2,850 per season, 88 transient RV sites with rates ranging from $63/day to $895/month, 20 tent sites averaging $46/day, and five cabin/cottage sites averaging $615/week or $125/day. Additionally, a single-family rental unit generates $450 per month. Current rates are below market value, offering substantial upside potential. Seasonal rates are $367 below market, monthly rates are $438 below market, and weekly rates are $45 below market. Implementing professional management and adjusting rates to market standards projects a total operating income of $510,360 by year three. This prime location, just 30 minutes from Niagara Falls, attracts over twelve million visitors annually, ensuring high demand and strong occupancy potential. The property's size and existing infrastructure provide a solid foundation for growth and increased profitability. This presents a unique chance to acquire a well-established campground with significant room for improvement and substantial return on investment.

Location Insight

City

Lockport

County

Niagara

State

New York

Latitude

43.232

Longitude

-78.6286

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