2282 AL Highway 87 - Hospitality FOR SALE


Troy, AL 36079
$1,800,000 USD
205-393-3465
2282 AL Highway 87, Troy, AL for Sale
$1,800,000 USD
Hospitality - FOR SALE
1/8
null | 5.85% Cap Rate

2282 AL Highway 87
Troy, AL 36079


HIGHLIGHTS

  • Trojan Station is currently achieving monthly lot rent of $525
  • 76 operational RV slots with phased expansion potential for additional income-producing assets
  • No county zoning restrictions, creating flexibility for future development and/or branded repositioning

OVERVIEW

Trojan Station is a newly developed RV Park along the AL-87 beach corridor in the thriving college town of Troy, AL. Current ownership has developed roughly half of the 20 acres into 76 RV slots with 50/30/20 Amp power, Water and Sewage connections. The park offers pull-through and back-in options for customers and is currently achieving $525 for monthly rentals and $60 per night. On-site management is conveniently available near the park's entrance and willing to assist with any tenant needs. A recent home conversion at the front of the property now adds coin laundry and a bathhouse to the list of amenities. The remaining ~11 acres is unhindered by zoning restrictions, features a small pond, and offers the next investor the opportunity to extend the RV footprint or forge another income producing path via tiny homes, treehouses, etc.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$2 USD /SF

# OF ROOMS

76

PRICE/ROOM

$23,684 {currency}

CAP RATE

5.85%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Trojan Station RV Park

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

19.86 AC

LAND SF

865,102 SF

ZONING

N/A

APN/PARCEL ID

1704-1700000-270010

ASK ABOUT THIS PROPERTY

Andrew JacobsEngel & VolkersMore Info
205-393-3465

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Andrew JacobsEngel & VolkersMore Info
205-393-3465

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