1505 N Lake Rd - Specialty FOR SALE


Lakeside, OR 97449
$6,000,000 USD
503-200-2025
1505 N Lake Rd, Lakeside, OR for Sale
$6,000,000 USD
Specialty - FOR SALE
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1505 N Lake Rd
Lakeside, OR 97449


OVERVIEW

Osprey Point RV Resort is a 58-acre coastal RV park located on Tenmile Lake in Lakeside, Oregon, offering a strong value-add opportunity with multiple existing income streams. The property includes over 130 RV sites, tent camping, cabins, storage, and an on-site restaurant and bar with marina access. The park is cash flowing with over $1.0M in effective gross income, but there is clear upside through improving operations, increasing rates, and better leveraging ancillary revenue such as food and beverage, storage, and recreation. One of the most attractive aspects of the deal is the ability to expand the park with approximately 60 additional RV sites. Prior approvals and groundwork have already been completed, giving a new owner a path to significantly grow revenue. Occupancy and overall operations can be improved with more active management, updated marketing, and a more polished online presence. The property benefits from consistent demand driven by its location near Highway 101, the Oregon Dunes, and Tenmile Lake, but it has not yet been fully capitalized on from a revenue and branding standpoint.

FOR SALE DETAILS

PRICE

$6,000,000 USD

CAP RATE

6.42%

% LEASED

75%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Osprey Point RV Resort

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

58.15 AC

LAND SF

2,533,014 SF

ZONING

RR

APN/PARCEL ID

1000024817,23800

ASK ABOUT THIS PROPERTY

William StoneMarcus & MillichapMore Info
503-200-2025

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William StoneMarcus & MillichapMore Info
503-200-2025

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