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RV Park

Little Lake Charles RV Resort

4200 Luke Powers Rd, Lake Charles, LA 70615

Listing Price: $14,900,000

Cap Rate
10.26%
Number of Spaces
406
Lot Size
81.20 acres
Occupancy
78.0%
Price/Space
$36,700
Spaces/Acre
5.00
Year Built
2019

Investment Overview

Lake Charles, Louisiana, is considered “The Festival Capital of Louisiana” with over 75 festivals each year. The most famous festival being Mardi Gras, the second largest in the state, which brings in over 150,000 people. During the first two weeks of May, 200,000 people attend Lake Charles’ Contraband Days Festival. Tourism is a significant contributor to the Lake Charles MSA economy with an average of $712 million in direct spending from domestic and foreign visitors and well over 8,000 jobs created in Lake Charles alone. This ranks the Calcasieu Parish as #5 in the state in spending produced by visitors. Festivals aren’t the only major draw to Lake Charles. The town of just over 78,000 people is also home to not just one, but three major casinos. The Delta Downs features live Thoroughbred and American Quarter Horse racing, the Golden Nugget is considered one of the most luxurious resort-casinos outside of Las Vegas and has a championship golf course, and the L’Auberge which spans 26 stories and 70,000 square feet. Located about 30 miles from the Texas border, these are the closest casinos to South Texas which has some of the strictest gambling laws in the country. Southern Business & Development magazine ranked Louisiana No. 2 for securing the best economic development performance in the South on a per capita basis. This is the 11th year in a row that Louisiana has ranked either No. 1 or No. 2 in the highly competitive category within the magazine’s annual SB&D 100 Top Deals and Hot Markets issue. More than $40 billion in planned capital investments for the region only strengthen this position, as well as the top industries in Lake Charles and its surrounding area that collectively power the economy of Southwest Louisiana.

Investment Highlights

  • Located 5 Minutes from Highway 10, a major East/West Highway that Spans from California to Florida
  • 406 Total Spaces
  • New Roofing on all Structures
  • Operates on City Water and a Septic Sewer
  • Amenities include Water Slide, Swimming Pool, Mini Golf, and a Fishing Pond

Exclusively Listed By

RV Park

Little Lake Charles RV Resort

Listing Price: $14,900,000

Cap Rate
10.26%
Number of Spaces
406
Lot Size
81.20 acres
Occupancy
78.0%
Price/Space
$36,700
Spaces/Acre
5.00
Year Built
2019

Investment Highlights

  • Located 5 Minutes from Highway 10, a major East/West Highway that Spans from California to Florida
  • 406 Total Spaces
  • New Roofing on all Structures
  • Operates on City Water and a Septic Sewer
  • Amenities include Water Slide, Swimming Pool, Mini Golf, and a Fishing Pond

Investment Overview

Lake Charles, Louisiana, is considered “The Festival Capital of Louisiana” with over 75 festivals each year. The most famous festival being Mardi Gras, the second largest in the state, which brings in over 150,000 people. During the first two weeks of May, 200,000 people attend Lake Charles’ Contraband Days Festival. Tourism is a significant contributor to the Lake Charles MSA economy with an average of $712 million in direct spending from domestic and foreign visitors and well over 8,000 jobs created in Lake Charles alone. This ranks the Calcasieu Parish as #5 in the state in spending produced by visitors. Festivals aren’t the only major draw to Lake Charles. The town of just over 78,000 people is also home to not just one, but three major casinos. The Delta Downs features live Thoroughbred and American Quarter Horse racing, the Golden Nugget is considered one of the most luxurious resort-casinos outside of Las Vegas and has a championship golf course, and the L’Auberge which spans 26 stories and 70,000 square feet. Located about 30 miles from the Texas border, these are the closest casinos to South Texas which has some of the strictest gambling laws in the country. Southern Business & Development magazine ranked Louisiana No. 2 for securing the best economic development performance in the South on a per capita basis. This is the 11th year in a row that Louisiana has ranked either No. 1 or No. 2 in the highly competitive category within the magazine’s annual SB&D 100 Top Deals and Hot Markets issue. More than $40 billion in planned capital investments for the region only strengthen this position, as well as the top industries in Lake Charles and its surrounding area that collectively power the economy of Southwest Louisiana.

Exclusively Listed By

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