70 US Highway 17 - Apartments FOR SALE


Richmond Hill, GA 31324
$3,450,000 USD
912-484-1330
70 US Highway 17, Richmond Hill, GA for Sale
$3,450,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

70 US Highway 17
Richmond Hill, GA 31324


HIGHLIGHTS

  • RV Park on Ogeechee River
  • Great Road Frontage across the Ogeechee River from Loves Seafood

OVERVIEW

Unique Investment Opportunity – 70 US Hwy 17, Richmond Hill, GA Located on the scenic Ogeechee River, 70 US Hwy 17 offers an exceptional 3.85-acre RV park with multiple income-generating opportunities. This well-maintained property is designed for 32 RV lots, includes a park-owned mobile home, and provides a fantastic value-add opportunity for investors seeking a cash-flowing asset with room for growth. Property Features: 32 RV Spaces with rents ranging from $800 to $900 per month, boasting consistently high occupancy and minimal vacancies. A 280 sq ft bathhouse for guest convenience. 144 sq ft pump house. A 1,500 sq ft building that presents an excellent opportunity for a marina, restaurant, or fresh seafood sales, capitalizing on the riverfront location. Includes a park-owned mobile home, offering additional rental income. Prime Location: Situated in Richmond Hill, GA, on the Ogeechee River, this property is perfectly positioned to attract RV travelers and vacationers looking to enjoy the beauty and activities of the Ogeechee River area. Its proximity to major highways enhances accessibility and visitor appeal. Investment Potential: This property delivers consistent cash flow with further upside potential through enhancements, additional amenities, or repurposing the existing structures for complementary ventures like dining or retail. There is considerable value-added potential. Don’t miss this chance to acquire a versatile, income-producing asset in a high-demand location.

FOR SALE DETAILS

PRICE

$3,450,000 USD

PRICE/SF

$98,571 USD /SF

# OF UNITS

32

PRICE/UNIT

$107,813

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

King's Ferry RV Resort

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.85 AC

LAND SF

167,706 SF

ZONING

B-2

APN/PARCEL ID

052-001

ASK ABOUT THIS PROPERTY

Kim LyleBay Street Realty Group | Commercial DivisionMore Info
912-484-1330

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

Kim LyleBay Street Realty Group | Commercial DivisionMore Info
912-484-1330

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