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Updated over 8 years ago on . Most recent reply

User Stats

149
Posts
41
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Nicole Wood
  • Investor
  • Bath, NY
41
Votes |
149
Posts

campground

Nicole Wood
  • Investor
  • Bath, NY
Posted

I know this is a far fetched dream probably but just going to throw the idea out here and see what everyone thinks....I have no where near done enough research but also know I'm not trying to offer anything tomorrow either....There is a campground for sale near me for 795,000 this includes 350 acres five already established a frames, 3 cabins, a shower house, 2 wells on property, 3-4 program buildings, pavillions, a 10,000 square foot horse arena, a stable barn, two ponds, farmland, and a farm house and a house built in 2003 along with a large 4000 sq foot "community building." trails are made through the woods for vehicle/atvs as well. electric and gas is readily availabe and already in three of the buildings along with sewer. So....hear me out....the price most likely would be able to be haggled down a bit since its been on the market more than a year. There is room fro AT LEAST 100 campsites this being just counting rv and tent sites.....set the price at 25/night (lower than any other ground in the area). with of the sites being full at any given time....that would make you 224,000 in four months of summer. not counting any cabins (the 5 a frames already there) and any other cabins you decide to add and if theres is room for more campsites and also weekends like memorial day or fourth of july. add the farm house that could be rented out. add that i would live on the property in the brand new house. add the community building that could be rented out for events. add a camp store if you wish.

Good investment opportunity (again if the bank would even dream of approving and I got the 80,000 or so down payment if not more since its an investment) or not???

Most Popular Reply

User Stats

51
Posts
32
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George C.
  • Rental Property Investor
  • My City, NY
32
Votes |
51
Posts
George C.
  • Rental Property Investor
  • My City, NY
Replied

Is the place busy? most sites rented during peak season? Have you camped or spent any amount of time there to get a feel for the place? I'm sure you checked online like TripAdvisor and camping forums to see what's been posted about the place, right? Are there any tourist attractions close by? Any competition?

  I camp with my family several times a year. I think more and more regular people get into it these days being that they are priced out of regular vacations.

  Are there state parks that have camping close by that will undercut you? I myself don't like the private campgrounds due to most having small sites on top of one another, or charge $55+ a night because they have a game room and a pool. The State parks charge $20 a night and have bigger more private sites and are usually in beautiful areas with lakes anyway. I have a 36' travel trailer (like a 2 BR house on wheels) and we carry our own water, holding tanks & have our own power, so we don't need any hook ups. Most state parks don't have hook ups.

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