1505 Co Rd 23 Florence, AL 35633

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$1,899,000

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1,512 sq. ft.
9.00 Acres
Commercial
MLS# 518012

Listing provided courtesy of: Marmac Real Estate - The Shoals

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Property Details

Description

Prime Investment Opportunity- 8% CAP RATE with increasing revenue monthly. Discover Florence RV Park, a prime investment property in vibrant Florence, Alabama. This thriving RV park offers a blend of stability, growth and value add. Property Highlights: Current Capacity: 29 pads with a heated saltwater pool, 6000 sq ft Dog Park, 9 Acres Expansion Potential: Permits for 20 additional pads, plus room for 20+ more. Revenue Growth: 14% increase in revenue year-to-date, with further growth potential. Management Residence: 2022 model "Marvel - 4" (56x28) with 4 bedrooms and 2 baths, ideal for a manager or as a clubhouse. Occupancy Rates: 17 monthly residents with other pads booked 75% of the time. Operating Details: Rates: Monthly $799, weekly $315. Low Operating Expenses: Contributing to high profitability. Established Business: Opened with 14 pads in 2022, expanded to 29 pads in June 2023, 2 more phases already mapped out and 20 pads perc tested & permitted for the new owner.

General Features
- Year Built 2022
- Business Type Commercial
- Community Name Central
- County Lauderdale
Building Features
- Three-Qtr Bathrooms 0
- Basement SqFt 0
- Full Bathrooms 2
- Half Bathrooms 0
- Stories Total 1
- Room s Total 8
Property Features
- Lot Size Acres 9
- Lot Size Dimensions 598.45 x 1295.59 x 331.666 x 448.34 x 229.25 x 282.65 x 118.89
- Other Structures RV/Boat Storage,Storage (OtherStructures)
- Utilities Electricity Connected, Septic
- Sewer Septic Tank
- Road Frontage Type County Road
- Road Surface Type Asphalt
Schools
- Elementary School Florence
- Middle School Florence
- High School Florence

Contact

Anita Correll

Realtor

RE/MAX Infinity

Cell: 256-335-8751

Neighborhood

Property History

Date	Event	Price	Percent Change
--	Current Price Source: Multiple Listing Service	New Value: $1,899,000
8/6/2024 1:32:00 PM	New in Database Source: Multiple Listing Service	New Value: $1,899,000

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** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Such information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.