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Mobile Home Park Details

  • Price: $5,900,000
  • Purchase Method: Cash, New Loan
  • Property ID: 671274
  • Posted On: May 26, 2016
  • Updated On: Jun 18, 2019

Property Description

COMMERCIAL PROPERTY - FOR SALE

Hotel/Retail/Office/Multi-Family Site

CURRENTLY Mobile Home/RV Park~71 SITES

Brevard County, Cape Canaveral, Florida

NEW ASKING PRICE: $ 5,900,000.00

Co-Brokers Protected

INCREDIBLE INVESTOR/DEVELOPER OPPORTUNITY

~~ Hotel/Office/Multi-Family Site~~

LARGEST AVAILABLE TRACT OF LAND NEAR PORT CANAVERAL and C – 1 ZONING DISTRICT

9.38 plus OR minus COMMERCIAL-PRIME ACRES!

CITY HAS PREVIOUSLY APPROVED MULTI-FAMILY ZONING

PROPERTY IS SURROUNDED BY C-1, C-2 AND MULTI-FAMILY USES

This COMMERCIAL property, currently a 71 unit (plus house and office) MH & RV Park has great investment potential with current rental revenue generating adequate income that more than covers the current operating expenses. Property includes road frontage on 2 major roads as well as an adjoining proposed easement for a planned new access road directly to Port Canaveral’s future Cruise Ship and Freighter Shipping Slips expansion development project, which is now in process.

The City of Cape Canaveral and The Port of Cape Canaveral have undertaken a huge initiative to improve this part of the City and to expand the Port’s Cruise Line and Shipping capacities. This property has approximately 1,000 feet, 283 feet and “conceptually” 462 feet of road frontage on three sides of the 9 plus acre site. A new Hotel is under construction nearby. This area has exploded with multi-family and single family neighborhoods, hotel complexes, with offices and retail nearby.

The highest and best use for this property is obviously not a MH/RV Park. City Leaders and Planning & Zoning department would welcome a change of use application.

The Park currently has 54 rented sites, 24 Park owned mobile homes plus a House and a Warehouse/Storage Building, both now used for Storage and Maintenance. Great Investor opportunity with a seasoned Manager (who will help with the transition) and Maintenance systems in place for a smooth transition.

Opportunity to increase income by taking advantage of the huge RV site rental demand during ‘the Season’, by renting existing mobile homes, adding more homes, renting the vacant lots, renting storage spaces and bays, and by raising rents.

Electricity is individually metered to each site and all utilities are in place to each site in the Park.

Annual Revenue based on current Rent Roll & other Income - $241,737.00 per year.
(NOTE: Revenue projection does NOT include potential rental income from additional vacant sites that are available to be rented at this time, or from the vacant park-owned MH’s now on site.)

Please sign & return the attached c/a agreement to receive additional financial information and pictures of the park. Thank you!

Location

Disclaimer: The information and (all files attached) have been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Information contained herein is deemed reliable, however, is not warranted by Doug E. Rhudy, his Agents or Wm. Robert Webster Inc., A Real Estate Corporation. All offerings are subject to availability, errors, 2nd party information, change in terms and conditions without further notice.

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