319 T B Stanley Hwy - Specialty FOR SALE


Bassett, VA 24055
$4,095,000 USD
209-444-6651
319 T B Stanley Hwy, Bassett, VA for Sale
$4,095,000 USD
Specialty - FOR SALE
1/45
null | Request Cap Rate

319 T B Stanley Hwy
Bassett, VA 24055


HIGHLIGHTS

  • The property underwent major upgrades in 2020 across multiple aspects of infrastructure and improvements.
  • County water and sewer to all sites and underground electric service throughout the property.
  • 122 (RV) + 5 (Tent) site riverfront outdoor hospitality property situated on approximately 31.20 acres with approximately 3,200 feet of frontage

OVERVIEW

Smith River RV Park is a 122 (RV) + 5 (Tent) site riverfront outdoor hospitality investment offering full-hookup RV sites plus 5 tent sites on ±74.41 acres along the Smith River in Henry County, Virginia — with approximately 3,200 feet of prime river frontage. This is a scarce, irreplaceable natural asset in a high-demand outdoor recreation corridor. The park is currently operating well below stabilized occupancy, creating immediate upside through transient booking growth, rate optimization, and an improved online presence. With substantial remaining capacity across the park and no redevelopment required, the path to stabilization is primarily operational. The property includes a 5,000 SF general store, a 1,200 SF updated bathhouse with coin and app-pay laundry, on-site management and maintenance staff, and a CampSpot booking system already in place. Major infrastructure upgrades were completed in 2020, with county water and sewer to all sites and underground electric service throughout. Adding further upside, the ±74.41-acre parcel includes excess land currently used for warehouse and storage — with potential to add 60+ additional RV sites without acquiring new land or installing new infrastructure. This expansion runway represents a compelling second stage of value creation beyond simple lease-up. The Smith River is a premier regional recreation draw known for trophy trout fishing, kayaking, and tubing, attracting visitors from Virginia, North Carolina, and beyond. Located just 8 miles from Martinsville on Route 220, with nearby Philpott Lake and Dam anchoring additional outdoor recreation demand year-round.

FOR SALE DETAILS

PRICE

$4,095,000 USD

PRICE/SF

$1 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Smith River RV Park

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

122

LAND DETAILS

LAND ACRES

75 AC

LAND SF

3,267,000 SF

ZONING

A-1, B-1

APN/PARCEL ID

228180000

ASK ABOUT THIS PROPERTY

Pierce BrazilCommercial Real Estate Investors IncMore Info
209-444-6651

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Pierce BrazilCommercial Real Estate Investors IncMore Info
209-444-6651

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