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RV Park

Paradise Cove RV Resort & Marina (Portfolio Sale)

32455 US-101, Rockaway Beach, OR 97136

Listing Price: $5,500,000

Cap Rate
5.22%
Number of Spaces
115
Lot Size
7.00 acres
Occupancy
40.0%
Price/Space
$47,826
Spaces/Acre
16.43
Year Built
1987

Investment Overview

Paradise Cove offers investors a rare opportunity to acquire a 115-space RV Park on the south side of Oregon’s beautiful Nehalem Bay. Serviced by public water & sewer, the Park is comprised of 107 RV sites with full hookups, 6 RV dry sites, and 2 park model cabins. Paradise Cove also features a host of amenities, including 2 swimming pools, 3 clubhouses, a boat launch, docks, a marina, and an indoor recreation room with basketball & billiards. The upper terrace of the Park provides guests with fabulous views and a variety of camping experiences. Annual occupancy at Paradise Cove sits at just under 40%, with the Park capturing only a small fraction of the available RV and vacation demand in Oregon.

Investment Highlights

  • 115-space RV Park, currently run on a membership model
  • Onsite amenities (some in need of updating) include 2 full-sized pools, 3 clubhouses, a dock, marina, and boat launch
  • Upside in better marketing the Park to the general public, updating amenities, streamlining operations

Exclusively Listed By

RV Park

Paradise Cove RV Resort & Marina (Portfolio Sale)

Listing Price: $5,500,000

Cap Rate
5.22%
Number of Spaces
115
Lot Size
7.00 acres
Occupancy
40.0%
Price/Space
$47,826
Spaces/Acre
16.43
Year Built
1987

Investment Highlights

  • 115-space RV Park, currently run on a membership model
  • Onsite amenities (some in need of updating) include 2 full-sized pools, 3 clubhouses, a dock, marina, and boat launch
  • Upside in better marketing the Park to the general public, updating amenities, streamlining operations

Investment Overview

Paradise Cove offers investors a rare opportunity to acquire a 115-space RV Park on the south side of Oregon’s beautiful Nehalem Bay. Serviced by public water & sewer, the Park is comprised of 107 RV sites with full hookups, 6 RV dry sites, and 2 park model cabins. Paradise Cove also features a host of amenities, including 2 swimming pools, 3 clubhouses, a boat launch, docks, a marina, and an indoor recreation room with basketball & billiards. The upper terrace of the Park provides guests with fabulous views and a variety of camping experiences. Annual occupancy at Paradise Cove sits at just under 40%, with the Park capturing only a small fraction of the available RV and vacation demand in Oregon.

Exclusively Listed By

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