$1,995,000
205 Pacific HWY Talent, OR 97540
17
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$1,995,000
Est. payment /mo
2 SqFt
Active
205 Pacific HWY Talent, OR 97540
UPDATED:
10/12/2024 02:13 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2 sqft
Price per Sqft $997,500
MLS Listing ID 220181356
Annual Tax Amount $9,591
Lot Size 2.280 Acres
Acres 2.28
Lot Dimensions 2.28
Property Description
Rare opportunity to buy an RV park in Talent. The Wagner Creek RV park is located on South Pacific Highway, just a short drive to I5 and just 10 minutes from Ashland. Formerly a mobile home park that was destroyed in the Almeda fire. The infrastructure was re-built so everything is new and the use changed to an RV park. Park currently has 27 spaces and 2 additional apartment rentals in the frame building. Spaces are oversize because they were designed for mobile homes so there is upside potential to add more RV spaces by re-arranging the park lay out. Park has a small coin-op laundry for additional income. Public sewer and water. Individual utilities are billed back to the tenants. Current Cap rate is 5.28% and with a small expansion (5 extra spaces) it could rise to 8.5%. See attached income and expense report and financial measures report.
Location
State OR
County Jackson
Interior
Heating/Cooling Other
Exterior
Garage Asphalt, Gravel, RV Access/Parking
Roof Type Metal
Parking Type Asphalt, Gravel, RV Access/Parking
Parking Asphalt, Gravel, RV Access/Parking
Building
Entry Level Two
Foundation Other
Water Public
Structure Type Frame
New Construction No
Construction Frame
Others
Senior Community No
Tax ID 10276661
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Windermere Van Vleet & Assoc2
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