21 Flat Rock Bridge Rd - Specialty FOR SALE


Lebanon, ME 04027
$12,500,000 USD
770-933-8585
21 Flat Rock Bridge Rd, Lebanon, ME for Sale
$12,500,000 USD
Specialty - FOR SALE
1/6
null | Request Cap Rate

21 Flat Rock Bridge Rd
Lebanon, ME 04027


HIGHLIGHTS

  • Institutionally owned and operated with strong in-place management.
  • Expansion/upgrade plan ready for new buyer to take this resort to the next level with 55 new sites, 15 new cabins, 15 tent to RV site conversions.
  • New buyer can focus on upgrading RV sites to 50 amp full hookups
  • Rebranding the property could reduce expenses and drive additional value.
  • Opportunity to grow other and ancillary revenue including premium Wi-Fi, additional golf carts, bike/kayak rentals, & expanded retail & food service
  • Located between major route U.S. 125 and U.S. 202 on the NH & ME border, the resort features 1-mile of frontage along the 37.5 mile Salmon Falls River

OVERVIEW

Colliers Manufactured Housing & RV Group, as exclusive agent for the Owner, offers the opportunity to acquire Lebanon KOA Holiday, a 288-site resort nestled along the peaceful Salmon Falls River located between Maine’s beaches and the Lakes region of New Hampshire. Only a 90-minute drive from Boston, this riverfront campground provides an exciting and relaxing environment for visitors and offers investors an opportunity for significant revenue upside and a high return on capital. The investment offers the opportunity to purchase a soon-to-be, five-star resort below replacement cost after completion of renovations in the suburbs of Boston. The asking price for the resort is $12,500,000 ($43,403/total site). This represents a 10.2% stabilized unlevered yield on cost (including renovations).

FOR SALE DETAILS

PRICE

$12,500,000 USD

PRICE/SF

$1,133 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lebanon KOA Holiday on Salmon Falls River

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Parking Lot, Self Storage, Marina

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

77.5 AC

LAND SF

3,375,900 SF

ZONING

RA

APN/PARCEL ID

LBNN-000005R-000000-000022

ASK ABOUT THIS PROPERTY

Mike NissleyColliers Manufactured Housing & RV GroupMore Info
770-933-8585

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Mike NissleyColliers Manufactured Housing & RV GroupMore Info
770-933-8585

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