389 Grassville RdBrant Lake, NY 12815

Property Details for 389 Grassville Rd

Lot size

71.57 AC

Property type

Mobile home & RV parks

Property subtype

Campgrounds

APN

522800 72.-1-21.1

APU

522800721211

Description

This exceptional 105-site seasonal campground, nestled in the Adirondack Park's Brant Lake, NY (12815), presents a remarkable investment opportunity. Spanning 71.57 acres, this meticulously maintained facility boasts a consistent and substantial annual income stream, thanks to its loyal clientele – many of whom have been seasonal residents for decades. The property features a paved entrance, expansive sandy beach with a swim dock, and a spring-fed pond teeming with fish. Amenities include park-like grounds, two playgrounds, various recreational facilities (volleyball, badminton, horseshoes, basketball), and a recreation building complete with games, television, a stocked store, kitchen, and office. Multiple restroom buildings with showers and a laundry facility are also available. Modern amenities include new Wi-Fi throughout, and individual 30 and 50-amp metered electrical service at each site. Water and septic are provided to each campsite. Manager's housing is included. Security cameras ensure a safe environment. A propane filling station provides additional revenue. Boat and jet ski parking caters to watersports enthusiasts. The current owner has started clearing sites for an additional 40 sites. Even with this expansion, ample green space remains. This turnkey operation includes various equipment (a detailed list available upon request), with larger equipment such as a Kioti tractor and UTVs available for separate purchase. The asking price is $3,300,000.

• CAP approach

  CAP return

  Valuation

  6%

  $960,327,232

  6.5%

  $886,455,872

  7%

  $823,137,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $635,627,456

  Geo Method

  $631,383,488

• Alternative Use

  Use

  Valuation

  Residential

  $886,455,872

  Hospitality

  $811,988,800

  Educational

  $675,565,184

  Medical

  $698,798,912

  Retail

  $1,050,879,168

Location Insight

City

Brant Lake

County

Warren

State

New York

Latitude

43.6896

Longitude

-73.6869

CBSA code

24020

CBSA name

GLENS FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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