24828 State Highway 38 - Specialty FOR SALE


Elkton, OR 97436
$1,550,000 USD
458-220-8881
24828 State Highway 38, Elkton, OR for Sale
$1,550,000 USD
Specialty - FOR SALE
1/41
null | 7.74% Cap Rate

24828 State Highway 38
Elkton, OR 97436


HIGHLIGHTS

  • Strong in-place cash flow with stabilized upside
  • 2026 stabilized pro-forma reflects meaningful NOI growth
  • Diverse income streams (RV, cabins, campsites, ancillary)
  • Riverfront setting in a highly desirable recreational destination location
  • Turn-key operations with expansion and optimization potential
  • Fiber-optic internet throughout the property

OVERVIEW

Sawyer Rapids RV Park is a rare riverfront RV and lodging property situated on approximately 8.5 acres along a highly regarded stretch of the Umpqua River in Elkton, Oregon. This reach of the river is widely recognized among anglers for salmon, steelhead, and smallmouth bass fishing and has long functioned as a destination for guests seeking direct river access paired with overnight accommodations. Demand for the property is driven in part by paid fishing access, annual passes, and repeat visitation tied specifically to this location. Sawyer Rapids RV Park offers an irreplaceable combination of river frontage, destination-quality fishing, diversified income streams, park-wide fiber optic infrastructure, and clearly defined operational upside in one of Southern Oregon’s most recreation-driven corridors. The park features a diversified accommodation mix including 21 RV sites (with premium river-adjacent spaces), park-owned rental units (manufactured homes and a tiny home), four river-oriented Airbnb cabins, and 11 seasonal campsites, including a group site. This flexible configuration supports long-term occupancy, short-term stays, and seasonal recreation, creating multiple complementary revenue streams beyond traditional space rent. Additional income is generated through fishing access fees and annual passes, laundry facilities, vending and concessions, storage and reserved parking, and electric utility pass-throughs. A key competitive advantage is park-wide fiber optic internet installed in 2024, serving the entire property and appealing to modern travelers, remote workers, and extended-stay guests seeking reliable high-speed connectivity in a riverfront setting. Property improvements and amenities include direct river access, a public boat ramp, multiple bathhouses (including a newer cabin-serving bathhouse with additional build-out materials included), a recreational lounge and internet café with office space, on-site laundry facilities, an approximately 1,800-square-foot apartment offering future value-add potential, and a shop building supporting park operations. Revised in-place operations reflect gross operating income of approximately $215,000 and Net Operating Income of approximately $119,900, reflecting corrected expense categorization and representing an implied capitalization rate of approximately 7.7% at the current asking price of $1,550,000. These figures are based on current operations and do not assume expansion, redevelopment, or income optimization beyond existing use. Under a stabilized operating scenario, the property demonstrates meaningful upside through full utilization of existing accommodations, expanded short-term rental performance, and optimization of ancillary revenue streams. An illustrative stabilized pro-forma reflects NOI of approximately $240,100; all forward-looking projections are illustrative only and not reflective of current operating income. Buyer to verify all assumptions. Seller financing may be considered for qualified purchasers, providing additional flexibility in structuring an acquisition.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$172 USD /SF

CAP RATE

7.74%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Sawyers Rapids RV Park

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Self Storage

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

8.5 AC

LAND SF

370,260 SF

ZONING

CRE

APN/PARCEL ID

M84239

ASK ABOUT THIS PROPERTY

Chris PfauColdwell Banker Pro WestMore Info
458-220-8881

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Chris PfauColdwell Banker Pro WestMore Info
458-220-8881

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