319 T B Stanley Hwy - Specialty FOR SALE


Bassett, VA 24055
$4,400,000 USD
404-791-0865
319 T B Stanley Hwy, Bassett, VA for Sale
$4,400,000 USD
Specialty - FOR SALE
1/37
null | 7.95% Cap Rate

319 T B Stanley Hwy
Bassett, VA 24055


OVERVIEW

-The Smith River RV Park is an established 122 site RV park located in the scenic Smith River valley in Bassett, VA with significant upside potential -Total land area is 75 acres with over 700 ft of frontage on T B Stanley Hwy -Bassett, VA is sandwiched between Roanoke, VA (97,000 people), Greensboro (301,000 people), and Winston Salem (251,000 people). - 12 mi to Martinsville Speedway, 10.6 mi to Philpott Dam (the source of the Smith River), and 9.4 mi to Fairy Stone State Park -8% cap rate based on the trailing 12 months of NOI ($350,079.55) with significant value add potential with building out the additional sites (69 additional sites already approved) -Year over year growth has shown to be 16% so far, and it appears it should continue to grow. -Newly constructed, well built, and well cared for

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$710 USD /SF

CAP RATE

7.95%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

122

LAND DETAILS

LAND ACRES

75 AC

LAND SF

3,267,000 SF

ZONING

A-1, B-1

APN/PARCEL ID

228180000

ASK ABOUT THIS PROPERTY

Max KinserMcCoy Wright, Inc.More Info
404-791-0865

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Max KinserMcCoy Wright, Inc.More Info
404-791-0865

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.