873-Site Waterfront Campground | Chincoteague, VA
Price: $16,500,000 | Price/Site: $18,900 | Cap Rate: 6.92%

We’re excited to present the opportunity to acquire Tom’s Cove Park, one of the largest and most established privately-owned campgrounds on the East Coast. Located on Chincoteague Island, a renowned Mid-Atlantic vacation destination, this 873-site property offers a unique combination of scale, cash flow, and long-term upside.

Premier Coastal Location - Situated next to Assateague Island National Seashore and the Chincoteague National Wildlife Refuge—top-tier attractions that drive year-round tourism.

Massive Scale with 873 Sites - Offers a blend of seasonal and nightly rentals across RV, tent, and transient accommodations—ideal for institutional or portfolio buyers.

Multiple Income Streams - Revenue from site leases, marina slips, a boat ramp, general store, and other on-site amenities.

Value-Add Potential - Opportunity to drive NOI through pricing optimization, amenity upgrades, and expanded marketing efforts.

Turnkey Infrastructure - Swimming pool, marina, clubhouse, camp store, bathhouses, and administrative space in place for seamless operations.

High Demand & Resilience - Proven seasonal occupancy and strong demand from both legacy and new RV users; campground industry continues to outperform.