1131 Comins RdRedfield, NY 13437

Property Details for 1131 Comins Rd

Lot size

90.30 AC

Property type

Mobile home & RV parks

Property subtype

Campgrounds

APN

234600 372.00-01-15.110

APU

234600372000115110

Description

This exceptional investment opportunity encompasses an 85-acre property in Redfield, NY, featuring a thriving campground with 71 year-round and over 25 overnight sites, each equipped with water and electric hookups. The property also includes a popular restaurant and bar, seating 98 indoors and 200 outdoors, boasting a brand-new kitchen (2015) and a large event space (2014). Amenities include three ponds, fishing brooks, trails, and ample space for events. Additional structures include a 56x36 pole barn, numerous smaller sheds, and living quarters. The property boasts over 60 acres of undeveloped land, presenting significant expansion potential. The existing business has a proven track record, having hosted major events and attracted renowned musical acts. The property's total square footage is 6,126, situated on a 3,741,804 square foot lot. This turnkey operation is ideal for an entrepreneur seeking a profitable and established business with significant growth opportunities. The asking price is $2,200,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,211,646,720

  6.5%

  $1,118,443,136

  7%

  $1,038,554,304

• Comparable approach

  Method

  Valuation

  Relative Method

  $801,972,352

  Geo Method

  $796,617,728

• Alternative Use

  Use

  Valuation

  Residential

  $1,118,443,136

  Hospitality

  $1,024,487,872

  Educational

  $852,361,856

  Medical

  $881,675,904

  Retail

  $1,325,896,192

Location Insight

City

Redfield

County

Lewis

State

New York

Latitude

43.5377

Longitude

-75.7354

Property Tax & Assessments

FAQs

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