RV Park Development

[Brandon Beatty]

Hey Everyone!

I am looking at purchasing a multi family property that has 3 acres next to it that can be purchased together. I am considering building an RV Park on the 3 acres. There are a few other RV parks in the area that appear to be full most of the time with semi long term tenants. I have the ability to structure the funding to cover to acquisition cost of the land and part of the development costs when combing it with the multi family project I am looking at.

I am familiar with the challenges associated with these parks when dealing with permits and local municipalities. I would like to do as much research as possible to see if I can make the numbers work first. This has been some parks built nearby in recent years so I believe it can be done.

From my research:

-most new development RV parks have 10 spots an acre and some have up to 20 with the right layout

-the cost can range from 10K-25K per spot which seems to be a large range. (I think I can build 30 spots)

Questions:

-what is the biggest reason in the cost variation for those who have done it?

-what type of office / public restroom and shower facility is recommended for this size park?

Any feedback is greatly appreciated!