596 Highway 317 - Specialty FOR SALE


Ashdown, AR 71822
$1,250,000 USD
770-933-8585
596 Highway 317, Ashdown, AR for Sale
$1,250,000 USD
Specialty - FOR SALE
1/18
null | Request Cap Rate

596 Highway 317
Ashdown, AR 71822


HIGHLIGHTS

  • Millwood Landing is a majority extended-stay membership park without an active member sales operation.
  • All membership obligations remain with the seller and the property is primed and ready is primed and ready to be operated as a traditional RV park
  • Market occupancy is 35-40% and market rates are $60+/night.
  • Located on Millwood Lake, 20 minutes north of Texarkana and within 3 hours of Dallas and Little Rock, would have strong demand.as traditional rv park.
  • Management in-place with current out-of-state owner and ready for stabilization post-membership club.
  • Opportunity to grow revenue by raising rates, improving traditional occupancy, optimizing transient/extended-stay site mix, etc.

OVERVIEW

Colliers Manufactured Housing & RV Group, serving as the exclusive agent for the Owner, is delighted to present the offering to acquire Millwood Landing Resort, a 65-site RV & Golf Resort located in Southwest corner of Arkansas, on one of the states premier bass lakes, Millwood Lake. The resort features southern Arkansas’ longest 18-hole golf course, a par 72 challenging course woven through the tall and wispy pines and is located about 25 miles northeast of Texarkana and the Arkansa/Texas state line. The resort currently operates as a membership campground and golf resort adding to the main attraction of its proximity to Millwood Lake and the recreational attractions that surround it. The property has historically operated as part of a membership club which seeks to optimize membership revenue rather than property-level NOI. This provides the opportunity for a buyer to purchase an underperforming property at a price well-below replacement cost and stabilize the property at a high double-digit unlevered yield.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$206 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Millwood Landing Golf & RV Resort

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Parking Lot, Self Storage, Marina

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

207 AC

LAND SF

9,016,920 SF

ZONING

-

APN/PARCEL ID

001-00235-000

ASK ABOUT THIS PROPERTY

Mike NissleyColliers Manufactured Housing & RV GroupMore Info
770-933-8585

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Mike NissleyColliers Manufactured Housing & RV GroupMore Info
770-933-8585

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