16191 Siena StSummerdale, AL 36580

Property Details for 16191 Siena St

Year built

1992

Lot size

3.03 AC

Property size (Sq ft)

8,348 SF

Property type

Sports & entertainment properties

Property subtype

Amusement parks

APN

55-02-04-0-000-019.056

APU

5502040000019056

Description

Rainbow Plantation RV Park, located at 16191 Siena St, Summerdale, AL 36580, presents a compelling investment opportunity. This 49.2-acre RV park boasts 119 sites, currently operating at 57% occupancy. Built in 1992, the park features amenities including a clubhouse, swimming pool, dog park, laundry facilities, and a bathhouse. Many sites offer full hookups. The park's strategic location in coastal Alabama, 32 miles from Mobile, places it within easy reach of pristine beaches and regional attractions. Significant upside potential exists through expansion onto the remaining 31 acres of undeveloped land and by converting from a majority-membership model to a traditional rental model, allowing for increased rates and occupancy. Currently, average nightly rates are approximately $11, with market rates in the $30-$35 range. The asking price is $4,000,000, representing approximately $33,613 per site. This presents a value-add opportunity with potential for substantial revenue growth through rate increases, site upgrades (including premium Wi-Fi and cable options), and the addition of amenities such as cabins. The existing management team is in place, providing a smooth transition for a new owner. The park's proximity to Mobile and Pensacola, along with attractions like the Foley outlets and Hot Air Balloon Festival, further enhances its appeal and potential for increased occupancy.

• Alternative Use

  Use

  Valuation

  Residential

  $1,294,112

  Hospitality

  $1,185,399

  Educational

  $986,238

  Medical

  $1,020,157

  Retail

  $1,534,149

Location Insight

City

Summerdale

County

Baldwin

State

Alabama

Latitude

30.4612

Longitude

-87.7815

CBSA code

19300

CBSA name

DAPHNE-FAIRHOPE, AL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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