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RV Park

Willow Bay RV Resort & Marina (Portfolio Sale)

6607 WA-291, Nine Mile Falls, WA 99026

Listing Price: $3,150,000

Cap Rate
5.52%
Number of Spaces
45
Lot Size
15.90 acres
Occupancy
23.0%
Price/Space
$70,000
Spaces/Acre
2.83
Year Built
1996

Investment Overview

Situated near the middle of the Spokane River along Long Lake, Willow Bay offers one-of-a-kind views, scenery, and lake access via a boat launch and swim beach. The Park is on sewer & septic and has 45 spaces total - 7 of which have full hookups. Two of the spaces are occupied by park models which are rented nightly & weekly. The Park has a large bathroom and shower house that serves the guests staying in sites without full hookups. The Property features a clubhouse and general store which has been closed since the start of COVID, but which would need to be updated to service guest meeting & basic supply needs. There are two boat launches on site that are favorites of both RV guests and non-member boaters who enjoy the centralized location of the Property on Long Lake. Annual occupancy currently sits at just under 23%, with the Park only operated April through October.

Investment Highlights

  • 45-space RV Park located just nine miles from Downtown Spokane
  • Onsite amenities include a dock, boat launch, marina, clubhouse, and store. Facilities could be updated & better marketed to increase revenue.
  • Upside in increasing Park operations from seasonal to year-round.

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s) WA: 25469

    Washington

RV Park

Willow Bay RV Resort & Marina (Portfolio Sale)

Listing Price: $3,150,000

Cap Rate
5.52%
Number of Spaces
45
Lot Size
15.90 acres
Occupancy
23.0%
Price/Space
$70,000
Spaces/Acre
2.83
Year Built
1996

Investment Highlights

  • 45-space RV Park located just nine miles from Downtown Spokane
  • Onsite amenities include a dock, boat launch, marina, clubhouse, and store. Facilities could be updated & better marketed to increase revenue.
  • Upside in increasing Park operations from seasonal to year-round.

Investment Overview

Situated near the middle of the Spokane River along Long Lake, Willow Bay offers one-of-a-kind views, scenery, and lake access via a boat launch and swim beach. The Park is on sewer & septic and has 45 spaces total - 7 of which have full hookups. Two of the spaces are occupied by park models which are rented nightly & weekly. The Park has a large bathroom and shower house that serves the guests staying in sites without full hookups. The Property features a clubhouse and general store which has been closed since the start of COVID, but which would need to be updated to service guest meeting & basic supply needs. There are two boat launches on site that are favorites of both RV guests and non-member boaters who enjoy the centralized location of the Property on Long Lake. Annual occupancy currently sits at just under 23%, with the Park only operated April through October.

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s): WA: 25469

    Washington

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