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RV Park

Tom's Cove Park

8128 Beebe Rd, Chincoteague, VA 23336

Listing Price: $16,500,000

Cap Rate
6.92%
Number of Spaces
873
Lot Size
69.00 acres
Occupancy
100.0%
Price/Space
$18,900
Spaces/Acre
12.65
Year Built
1980

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire one of the largest and most established campgrounds on the East Coast, featuring 873 sites and unmatched
waterfront access.

Premier Coastal Location - Located on Chincoteague Island, Virginia, a popular Mid-Atlantic vacation
destination adjacent to Assateague Island National Seashore and Chincoteague National Wildlife Refuge.

Massive Scale with 873 Sites - One of the largest privately-owned campgrounds in the region, offering a mix of seasonal and nightly rental opportunities with significant economies of scale.

Diverse Revenue Streams - Income f rom seasonal site leases, transient RV and tent camping, marina slips,
boat ramp access, on-site general store, and convenience services.

Value-Add Potential - Upside through dynamic pricing, expansion of transient rental base, amenity
upgrades, and enhanced digital marketing strategies to increase year-round bookings.

Strong Historical Performance & Demand - Consistently high seasonal occupancy with established customer base and repeat business; growing demand for outdoor recreation and RV travel continues
to drive performance.

Turnkey Operational Infrastructure - Full on-site amenity package including swimming pool, bathhouses, boat ramp & marina, camp store, and administrative off ices, allowing for immediate operational continuity.

Attractive Demographics & Tourism Market - High regional tourism traffic f rom Washington D.C., Baltimore, and Philadelphia metros; Chincoteague’s appeal as a family vacation destination provides strong summer demand.

Investment Highlights

  • Premier Coastal Location
  • Massive Scale with 873 Sites
  • Diverse Revenue Streams
  • Value-Add Potential
  • Turnkey Operational Infrastructure

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Managing Director / Market Leader

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

RV Park

Tom's Cove Park

Listing Price: $16,500,000

Cap Rate
6.92%
Number of Spaces
873
Lot Size
69.00 acres
Occupancy
100.0%
Price/Space
$18,900
Spaces/Acre
12.65
Year Built
1980

Investment Highlights

  • Premier Coastal Location
  • Massive Scale with 873 Sites
  • Diverse Revenue Streams
  • Value-Add Potential
  • Turnkey Operational Infrastructure

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire one of the largest and most established campgrounds on the East Coast, featuring 873 sites and unmatched waterfront access. Premier Coastal Location - Located on Chincoteague Island, Virginia, a popular Mid-Atlantic vacation destination adjacent to Assateague Island National Seashore and Chincoteague National Wildlife Refuge. Massive Scale with 873 Sites - One of the largest privately-owned campgrounds in the region, offering a mix of seasonal and nightly rental opportunities with significant economies of scale. Diverse Revenue Streams - Income f rom seasonal site leases, transient RV and tent camping, marina slips, boat ramp access, on-site general store, and convenience services. Value-Add Potential - Upside through dynamic pricing, expansion of transient rental base, amenity upgrades, and enhanced digital marketing strategies to increase year-round bookings. Strong Historical Performance & Demand - Consistently high seasonal occupancy with established customer base and repeat business; growing demand for outdoor recreation and RV travel continues to drive performance. Turnkey Operational Infrastructure - Full on-site amenity package including swimming pool, bathhouses, boat ramp & marina, camp store, and administrative off ices, allowing for immediate operational continuity. Attractive Demographics & Tourism Market - High regional tourism traffic f rom Washington D.C., Baltimore, and Philadelphia metros; Chincoteague’s appeal as a family vacation destination provides strong summer demand.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Managing Director / Market Leader

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

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