334 S Melita Rd - Specialty FOR SALE


Sterling, MI 48659
$1,800,000 USD
770-933-8585
334 S Melita Rd, Sterling, MI for Sale
$1,800,000 USD
Specialty - FOR SALE
1/7
null | Request Cap Rate

334 S Melita Rd
Sterling, MI 48659


HIGHLIGHTS

  • 166 Total Sites 163 Campsites | 3 Rental Units
  • 25 AC
  • Utilities - Well/Septic
  • Rifle River Frontage, Private Pond w/ Beach, Nature & Hiking Trails, Playground, Outdoor Heated Pool, Hot Tub, Fishing, Clubhouse & more!
  • Wilderness Resort in Omer, MI also available

OVERVIEW

Colliers Manufactured Housing & RV Group, as exclusive agent for the Owner, is pleased to offer the opportunity to acquire Rifle River Resort Campground, a 166-site seasonal resort in Sterling, Michigan along the Rifle River, a gentle waterway located approximately 14 miles from Lake Huron. Historically operated as a membership property the seller is ending all obligations to members at sale. The property is well-positioned to benefit from strong market demand for seasonal and transient customers. There are opportunities to increase revenue through rate adjustments, site upgrades, added amenities, and expansion potential. Area Attractions: Lake Huron & Beaches, Rifle River Recreation Area, Point Au Gres Scenic Park, Omer Golf Course, Wigwam Bay State Wildlife Area, Downtown Bay City & Fireworks Festival, & more. Asking Price: $1,800,000 ($10,843/site) Please contact Kari Pell with any questions. An additional RV park and campground located about 7 miles from this site is also available.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$1,800 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rifle River Resort

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Parking Lot, Self Storage, Marina

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

25 AC

LAND SF

1,089,000 SF

ZONING

-

APN/PARCEL ID

005-0-005-300-005-05

ASK ABOUT THIS PROPERTY

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.

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.