11951 SW SHILOH ROAD CEDAR KEY FL 32625 MLS #OM662472 | Gary Kusher | Florida Real Estate

RV PARK FOR SALE – Located just 3 miles from the gulf of Mexico. Phase one has 79 developed income producing sites. Phase two is in process of being entitled for 166 sites at preset. We are selling as phase one and two – willing to separate.
Phase one is 79 sites that have the following amenities – Office, Camp Store, Propane Sales, Pool, Large newer manager doublewide, laundry, media center, outside showers, community center with warm kitchen area.
Utilities – Water is provided by private well and septic is by 3 mound septic tanks.
Management is on site.
The trailing twelve months reflect an NOI of just a few dollars off $350,000 these numbers are accurate as they are derived from bank statements.
Currently there is no vacancy for the winter season (October to March) and supports a waiting list. Phase one sold separately based on a 7.5 cap rate is offered at $4,650,000 – $58,860 per site.
Phase two is currently in the process of entitlements, the concept is for 166 large sites on 20 acers, modern community center, office, media, exercise room, beauty shop, card rooms etc. Large attractive designed pool and sauna, pickle ball courts, bocce ball courts, dog walks, all lots are a minimum of 35×65 concrete pads with patios, 50 amp services. Totally landscaped, each lot lighted and marked, private entrance, professionally landscaped. The park can be marketed as a 5 star quality destination park (55+) or if the owner wishes some overnights as well, We are offering phase two for sale as an entitled shovel ready for development park at $1,550,00 – $9,338 per site. We currently have a list of potential tenants of well over 100 at the present. Note Phase two is contiguous to phase one property.