This Property is no longer advertised on Showcase.com.
Off Market
1/33

6590 S Cayuga Lake Rd
Ovid, NY 14521


HIGHLIGHTS

  • Waiting list of 75 for seasonal rental sites.
  • Rents 20-35% bellow market rents.
  • Very strong repeat renters year after year.

OVERVIEW

Sned Acres offers a great investment opportunity for the discerning investor. Located right on the wine trail in the beautiful Finger Lakes. Sned Acres has been family run and owned for 19 years. Campers have enjoyed this camp and consistently returned year after year with their family and friends. Word of mouth is the only advertising and still, there is a waiting list of 75 people for seasonal camping sites. Demand is strong offering tremendous opportunity to grow. The owners are currently running 111 camping sites + tent sites and 7 cabins on approximately 57 acres. The immediate upside potential consists of raising rates, renting out the main house on the property to through Air B&B, and adding the 14 approved camping sites. These improvements can all be accomplished in year one and would tremendously increase overall value and gross revenue. There are additional opportunities which include; a second approved pool, along with a Recreational building with an apartment above. This is an ideal space for a full time on-site staff member to be housed, offsetting their salary requirements.

FOR SALE DETAILS

PRICE

-

CAP RATE

-

% LEASED

-

TENANCY

-

BUILDING DETAILS

PROPERTY NAME

Sned Acres Campground

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

3692

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

81.96 AC AC

LAND SF

3,570,314 SF

ZONING

-

APN/PARCEL ID

453089-014-000-0001-041-021-0000,453089-021-000-0001-005-000-0000