404-849-7688
Shumate Falls Rd, Glen Lyn, VA for Sale
Specialty - FOR SALE
1/16
null | Request Cap Rate

Shumate Falls Rd
Glen Lyn, VA 24093


OVERVIEW

Rare opportunity to invest in a ±1,515-acre stunning recreational resort property located on the Virginia/West Virginia border with an income producing outdoor resort. From breathtaking mountain top views down to the easily accessible New River, this scenic property has so much to offer. Centrally located between Virginia, West Virginia, North Carolina, Ohio and Pennsylvania, this resort is within hours of population centers such as Charlotte, NC, Richmond, VA, Washington, DC, and Huntington, WV. Effectively “a privately-owned state park,” this all-season resort opened several years ago as a campground. With 42 RV sites, luxury yurts (which is a circular wood framework tent covered with canvas), and numerous wilderness campsites, this beautiful, wooded property has facilities in place and can accommodate further RV/camping-oriented expansion. Approvals are in place for 23 cabins/treehouses on the Virginia side, while the West Virginia side offers an abundance of expansion opportunities. A newly paved 2-mile road provides easy, scenic access to the property off of Highway 460 along the New River. In addition to campground/RV facilities, millions of dollars' worth of infrastructure have been added to diversified streams of revenue, such as the Amish-built timber-framed wedding and corporate event venue with accommodations, sales of UTV & motorcycle trail passes, a state-of-the-art clay shooting course and 5-stand clay shooting, river outfitters, and facilities for large camping-oriented gatherings, events and festivals. Located on one of the rare, secluded stretches of the New River unaffected by the noise of freight trains, the resort offers guests world-class fishing and world-class motorsport riding. Over 60 miles of interlocking UTV trails, and approximately 100 miles of single-track trails for dirt bike riding, horses, mountain biking and hiking offer some of the most majestic views the Appalachian Mountains have to offer. The trail systems and training courses continue to provide the ideal setting for enduro, motocross racing, training events and schools hosted by some of the world’s best riders. While investments have been made for future profitability and personnel are in place to run the variety of operations, health issues of key management have limited the time and attention required to stabilize income. This unique scenario presents a rare opportunity for an astute investor.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kairos Resort

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Lodge/Meeting Hall

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1000 AC

LAND SF

43,560,000 SF

ZONING

C-1

APN/PARCEL ID

12-5

ASK ABOUT THIS PROPERTY

Daniel LatshawVision Commercial Advisors Inc.More Info
404-849-7688

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

Daniel LatshawVision Commercial Advisors Inc.More Info
404-849-7688

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