North Bay Shore Campground
110 Unit Mobile Home Park | $6,800,000 ($61,818/Unit) | 4.49% Cap Rate | Virginia Beach, VA 23456
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $6,800,000
- Property Type
-
Multifamily
- Square Feet
- 1,088 SF
Listing Contacts
William Capone
Verified Profile
Stephen Kruszenski
Verified Profile
- Property Info
Property Overview
Sands Investment Group is Pleased to Present Exclusively For Sale the 50.89 Acres North Bay Shore Campground Located at 3257 Colechester Road in Virginia Beach, Virginia. This is a One-of-a-Kind Waterfront RV Campground in a Highly Desirable Area. The Property is Surrounded on the Waterfront Side By Wildlife Refuge That Can't Be Developed to Help Preserve the Unique Tranquility of the Park, Providing For a Secured Investment.
In Association with Scott Reid & ParaSell, Inc. | Costa Mesa, California | A Licensed Virginia Broker #0226032019 Licensed in AR, CA, CO, CT, DC, FL, GA, HI, ID, IL, IA, IN, KS, KY, ME, MD, MA, MI, MN, MO, MT, NC, ND, NE, NJ, NM, NY, NV, NM, NC, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WY Scott Reid & ParaSell, Inc. Works With Prospective Virginia Resident Buyers | SIG Works With Non-Resident Prospective Buyers
In Association with Scott Reid & ParaSell, Inc. | Costa Mesa, California | A Licensed Virginia Broker #0226032019 Licensed in AR, CA, CO, CT, DC, FL, GA, HI, ID, IL, IA, IN, KS, KY, ME, MD, MA, MI, MN, MO, MT, NC, ND, NE, NJ, NM, NY, NV, NM, NC, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WY Scott Reid & ParaSell, Inc. Works With Prospective Virginia Resident Buyers | SIG Works With Non-Resident Prospective Buyers
Property Details
- Class
- C
- Year Built/Renovated
- 1980/2023
- Stories
- 1
- Property Subtype
- Manufactured Housing/Mobile Home, Dormitory
- Lot Size (sq. ft)
- 2,216,768 SF
- Units
- 110
Highlights
- One-of-a-Kind Waterfront RV Campground in a Highly Desirable Area
- This Property is Surrounded on the Waterfront Side by Wildlife Refuge That Can't be Developed to Help Preserve the Unique Tranquility
- Expansion Opportunities Grandfathered in to Expand the Size of the Park on Its 50+ Acres of Waterfront Property
- Minutes From the Atlantic Ocean Beaches by Boat or Vehicle and Minutes to Dock and Dine Restaurant by Boat
- Amenities Include: Boat Ramp Onsite, Dockage Available, Pool, Game Room, Sports Courts, Playground, Bathhouse, Kayak
- Multiple Additional Revenue Streams to Include: Park Store Selling Supplies, Ice, Refreshments, Firewood and Bait, Boat & RV Storage
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