12329 E Frontage Rd - Specialty FOR SALE


Coeur d'Alene, ID 83814
$3,100,000 USD
425-785-1371
12329 E Frontage Rd, Coeur d'Alene, ID for Sale
$3,100,000 USD
Specialty - FOR SALE
1/27
null | 9.65% Cap Rate

12329 E Frontage Rd
Coeur d'Alene, ID 83814


HIGHLIGHTS

  • Full Service Hookups
  • Easy Access to I-90
  • Within 2 miles from Lake Coeur d' Alene
  • Creek on the Property connects to lake Coeur d' Alene
  • Multiple Revenue Streams
  • Strong Occupancy Rates

OVERVIEW

Marcus & Millichap is pleased to exclusively offer for sale the Wolf Lodge Campground. Located in Coeur d’Alene, Idaho the campground sits on 12.28 acres along Interstate 90. Originally constructed in 1975 it has operated as a Seasonal RV Park and Campground in the region and has consistently been considered a premiere destination in what is a very strong outdoor recreation market within the Pacific Northwest and Mountain Regions. The park is visited every year by many repeat visitors and new transient visitors traveling along the I-90 corridor. Located near lake Coeur D’ Alene, Wolf Lodge offers any number of water activities for their guests as well and many other amenities to help guests make unforgettable memories. Wolf Lodge is serviced by well and septic services and offers guests a total of 67 RV spaces that can accommodate even the biggest rigs, as well as 5 cozy rustic cabins and 29 grassy tent sites. Of the 67 RV spaces, 27 of the spaces offer full hookups while the others all offer water and electric. Guests can expect a safe, clean, fun and leisurely stay while at Wolf Lodge Campground. Guests can enjoy the serene, wooded atmosphere of the campground and also benefit from the many nearby attractions. There is hiking at both nearby Mineral Ridge and Blue Creek Bay, both offer spectacular views, fishing in the creek, kayaking down the creek to Lake Coeur D’Alene, or exploring wildlife in the peaceful woods around the Campground. Amenities include a camp store and office, laundry facility, wood-burning sauna, outdoor movie screen, dog park, volleyball courts, shuffleboard, live music stage, trampoline and zip line, and open fields for recreation. Recent capital improvements include upgraded sewer lines, remodeled cabins, renovated store and laundry, and new recreational features. Coeur D’ Alene is a popular destination due to its beautiful nature, fun activities, and friendly people. The town is next to Lake Coeur D’ Alene which is a big clear lake where people love to boat, swim, fish and relax on the beach. The lake is surrounded by forests and tall mountains making it a great spot for hiking and biking. Coeur D’ Alene also offers fun events and festivals all year around and has great restaurants, shops, and galleries to explore Not only can a new owner expect to continue with an extremely well-traveled park that maintains high occupancy the entire season, but they can expect a multi revenue property with the ability to increase revenue through increasing rates, implementing utility billbacks for long terms stay guests and potentially keeping the full service sites open year around. With strong regional tourism demand, diversified income streams, and infrastructure in place, the property is well-positioned to deliver stable returns and long-term growth.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$2,583 USD /SF

CAP RATE

9.65%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wolf Lodge Campground

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

12.28 AC

LAND SF

534,917 SF

ZONING

RUR

APN/PARCEL ID

49N02W050200

ASK ABOUT THIS PROPERTY

Jonathan BenchMarcus & MillichapMore Info
425-785-1371

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Jonathan BenchMarcus & MillichapMore Info
425-785-1371

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.