3783 Route 32 - Specialty FOR SALE


Saugerties, NY 12477
$2,950,000 USD
845-787-1383
3783 Route 32, Saugerties, NY for Sale
$2,950,000 USD
Specialty - FOR SALE
1/57
null | 10.71% Cap Rate

3783 Route 32
Saugerties, NY 12477


HIGHLIGHTS

  • Potential to double the number of RV Pad Sites.
  • Features 6 apartments and 6 manufactured homes that are currently rented out as year-round rentals.
  • The entire property consists of 10.3 acres situated on 3 contiguous parcels with 24 RV pad sites that offer full hookups and 2 additional RV pad sites
  • Currently there is a Waiting List for the RV Pad Site Rentals.
  • 10.71% CAP RATE BASED ON CURRENT INCOME

OVERVIEW

Welcome to Blue Mountain Campground located at the base of the Catskill Mountains in Saugerties, NY. Blue Mountain Campground is unique in that it not only provides year-round RV Pad Site Rentals but also receives monthly rental income from 6 apartments and 6 manufactured homes. There is currently a wait list for RV Pad Site Rentals plus there is additional undeveloped land to potentially double the number of RV Pad Sites. All equipment is included in the sale price. In addition to these income streams, the campground also derives income from Tent Sites, Cabin Rentals, Store Sales, Outdoor Storage Yard Rentals, Propane Sales, Laundry Income and Income from the Arcade. The current owners recently upgraded their in store point of sale system, added a new website and a new online reservation system, a new video surveillance system, plus, the owners recently installed 300 feet of heated water lines that allows for year-round RV pad site rentals. The entire property consists of 10.3 acres situated on 3 contiguous parcels with 24 RV pad sites that offer full hookups and 2 additional RV pad sites that offer both water and electric. There are also 22 tent sites and 5 cabins available for daily rentals. Blue Mountain Campground features a playground, a new pool, an upgraded Wi-Fi network, fiber optic cable tv, two bathhouses with one being heated for year round use and a new pavilion that serves as a theater for spring, summer and fall use. There are two barns and a heated two bay garage that can be utilized for making equipment repairs or for additional storage area. The property has enough undeveloped land for additional RV pad site expansion or possibly for adding more manufactured homes as yearly rentals. One of the biggest features of Blue Mountain Campground is its close proximity to many attractions including Woodstock, NY, Hunter Mountain, Belleayre Mountain, the historic City of Kingston, NY and the seven hundred thousand acre, Catskill Park, all of which are an easy drive from Blue Mountain Campground, plus the campground is less than 5 miles to Exit 20 on the New York Thruway. For access to Financials, please execute the NDA found under Brochures & Other Documents and email the form to: pmalone@pyramidbrokerage.com

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$295 USD /SF

CAP RATE

10.71%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Blue Mountain Campground

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

10.3 AC

LAND SF

448,668 SF

ZONING

02

APN/PARCEL ID

4889-008.002-0006-003.000-0000

ASK ABOUT THIS PROPERTY

Brian J. ColemanPyramid Brokerage Co of The Hudson Valley LLCMore Info
845-787-1383

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Brian J. ColemanPyramid Brokerage Co of The Hudson Valley LLCMore Info
845-787-1383

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