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RV Park

Osprey Point RV Resort

1505 N Lake Rd, Lakeside, OR 97449

Listing Price: $6,000,000

Cap Rate
6.42%
Number of Spaces
137
Lot Size
2.25 acres
Occupancy
80.0%
Price/Space
$43,796
Spaces/Acre
60.89
Year Built
1995

Investment Overview

Marcus & Millichap is pleased to offer for sale Osprey Point RV Resort, a premier lakefront RV and recreation destination at 1505 N Lake Road in Lakeside, Oregon. Set along Tenmile Lake across four parcels totaling roughly 58.15 acres, the asset features 141 market rate RV spaces, 16 tent spaces, 5 cabins, 30 tenant storage spaces, 20 self storage units, a fully operating restaurant and bar, and a boat dock and moorage included in the sale, plus development land previously approved for up to 60 additional spaces with system development charges already paid.
The property delivers strong, diversified cash flow across RV rent, lodging, storage, recreation, and a full restaurant and bar with 5 video lottery machines, one of the only dining options for miles. On site amenities include an arcade, a convenience store, a meeting hall and lodge, dog walking trails, and boat rentals and fishing on the lake. RV spaces offer full hookups with 50 amp electric and free WiFi, and the site is served by city water and a hybrid septic system with city hookup. Recent improvements include paving and sealing, security upgrades, dock repair, added storage, and cabin remodels.
Positioned just off Highway 101, the resort sits adjacent to Tenmile Lake County Park and near William M Tugman State Park, with regional draws including The Mill Casino in North Bend, the Oregon Dunes National Recreation Area, and Bandon Dunes. With multiple revenue streams, high barriers to new commercial construction, and an approved path to expansion, the offering suits an owner operator, investor, or developer alike.

Investment Highlights

  • 141 RV Space Park with Opportunity to Develop Additional 60+ Approved Spaces
  • Strong Diversified Cash-flow with RV Spaces, Storage, Campground, Cabins, Restaurant, Recreation and more
  • Boat Launch & Dock onto Tenmile Lake and Four Wheeler Access to Neighboring Sand Dunes
  • Major Market Area Drivers Include The Mill Casino, Bandon Dunes Golf and Resort, Oregon Dunes Recreational Area, & Coos Bay

Exclusively Listed By

RV Park

Osprey Point RV Resort

Listing Price: $6,000,000

Cap Rate
6.42%
Number of Spaces
137
Lot Size
2.25 acres
Occupancy
80.0%
Price/Space
$43,796
Spaces/Acre
60.89
Year Built
1995

Investment Highlights

  • 141 RV Space Park with Opportunity to Develop Additional 60+ Approved Spaces
  • Strong Diversified Cash-flow with RV Spaces, Storage, Campground, Cabins, Restaurant, Recreation and more
  • Boat Launch & Dock onto Tenmile Lake and Four Wheeler Access to Neighboring Sand Dunes
  • Major Market Area Drivers Include The Mill Casino, Bandon Dunes Golf and Resort, Oregon Dunes Recreational Area, & Coos Bay

Investment Overview

Marcus & Millichap is pleased to offer for sale Osprey Point RV Resort, a premier lakefront RV and recreation destination at 1505 N Lake Road in Lakeside, Oregon. Set along Tenmile Lake across four parcels totaling roughly 58.15 acres, the asset features 141 market rate RV spaces, 16 tent spaces, 5 cabins, 30 tenant storage spaces, 20 self storage units, a fully operating restaurant and bar, and a boat dock and moorage included in the sale, plus development land previously approved for up to 60 additional spaces with system development charges already paid. The property delivers strong, diversified cash flow across RV rent, lodging, storage, recreation, and a full restaurant and bar with 5 video lottery machines, one of the only dining options for miles. On site amenities include an arcade, a convenience store, a meeting hall and lodge, dog walking trails, and boat rentals and fishing on the lake. RV spaces offer full hookups with 50 amp electric and free WiFi, and the site is served by city water and a hybrid septic system with city hookup. Recent improvements include paving and sealing, security upgrades, dock repair, added storage, and cabin remodels. Positioned just off Highway 101, the resort sits adjacent to Tenmile Lake County Park and near William M Tugman State Park, with regional draws including The Mill Casino in North Bend, the Oregon Dunes National Recreation Area, and Bandon Dunes. With multiple revenue streams, high barriers to new commercial construction, and an approved path to expansion, the offering suits an owner operator, investor, or developer alike.

Exclusively Listed By

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