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75000 US-101 - Redwoods River Resort

Speciality Building Offered at £3,838,170 at a 8.87% Net Initial Yield in Leggett, CA 95585

Executive Summary

8.87 day 1 cap rate. Recent six figure upgrades to water, sewer, power and large outdoor courtyard. Irreplaceable location. Nestled among towering redwoods (some 1000+ years old on the property), which attract visitors from around the world A variety of lodging options, including cabins, RV sites, and tent camping, catering to different guest preferences. Features a pub, seasonal pool, large playground, and game room, providing entertainment and relaxation options for all ages. Ideal for weddings and corporate events. A welcoming destination for families, with numerous activities both within the park and within the immediate region. Ability to increase occupancy with increased advertising. Same owner for 27 years. Numerous loyal return customers. Significant zoning/permitting progress made towards approval to bring full hookups to current tent sites. Plans available. Year built is undetermined - buyer to complete all due diligence related to property including year built.

Property Facts

Price £3,838,170
Sale Type Investment
Net Initial Yield 8.87%
Property Type Speciality
Property Subtype Trailer/Camper Park
Building Class A
Lot Size 23.51 AC
Number of Floors 1
Year Built 1970
  • Listing ID: 33612917

  • Date on Market: 23/10/2024

  • Last Updated:

  • Address: 75000 US-101, Leggett, CA 95585

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