32 S Thorp Hwy - Specialty FOR SALE


Ellensburg, WA 98926
$7,500,000 USD
425-785-1371
32 S Thorp Hwy, Ellensburg, WA for Sale
$7,500,000 USD
Specialty - FOR SALE
1/15
null | 7.54% Cap Rate

32 S Thorp Hwy
Ellensburg, WA 98926


HIGHLIGHTS

  • Immediate Access to retail, Freeway, and local Attractions
  • Large Full Service Sites
  • River Frontage
  • 30 & 50 Amp Sites
  • Resort Style Amenities

OVERVIEW

Marcus & Millichap is pleased to exclusively offer for sale the Ellensburg KOA, located in the City of Ellensburg, Kittitas County Washington. Originally constructed in 1973 the resort encompasses a total of 15.72 Acres and offers guests a total of 134 well-manicured beautiful sites, with both 30 & 50 amp service. Ellensburg KOA is one of the premiere KOA Journeys in the Pacific Northwest, receiving both the Founders Award and the President’s Award from Kampgrounds of America. It is the perfect spot for the RV traveler just stopping in, the outdoorsman looking to enjoy some fishing in the Blue-Ribbon Trout Waters of the Yakima River, or the long term stay guest. The community offers 93 RV spaces that can accommodate even the biggest rigs, 17 dual tent and RV spaces, 15 tent space only sites, 4 deluxe cabins (2 with private restrooms) 3 deluxe glamping tipis, a furnished apartment and a singlewide mobile home. Guests can expect a safe, clean, fun and leisurely stay while at Ellensburg KOA. Park amenities include heated pools, sport court, clubhouse, dog park, laundry, private showers/restrooms, and a store for all your essentials. Additional amenities at the community include high-speed WIFI, playground areas, picnic area, boat launch, BBQ Pits, Recreation area, and solar panels. Current ownership of the community have spent a considerable amount of time and capital over the course of the past two years improving the quality of the park, making it one of the most desirable RV or camping spots in the area. Conveniently right of I-90 in Ellensburg, Washington the property is approximately 90 minutes East of Seattle and has convenient access to Highway 97 and Highway 10. It is only 3 miles away from Central Washington University and is close to all local amenities including dining, retail, wineries, outdoor trails, and many more. A new owner can expect a well-kept, pride of ownership asset with upside through increasing occupancy and revenue. This would be a great asset for an established owner in the RV Industry or a first-time operator that has management in place, or any owner with previous hospitality investment experience.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$996 USD /SF

CAP RATE

7.54%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

11.07 AC

LAND SF

482,221 SF

ZONING

AG-20

APN/PARCEL ID

039333,299333

ASK ABOUT THIS PROPERTY

Jonathan BenchMarcus & MillichapMore Info
425-785-1371

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Jonathan BenchMarcus & MillichapMore Info
425-785-1371

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