Photo of Mobile Home Park

Mobile Home Park Details

Listing ID: 698503
Posted On: Aug 19, 2016
Updated On: Oct 24, 2016

Description

• BEING AUCTIONED ON TEN-X.COM - EVENT # B189-144 - SEPTEMBER 19, 2016
• Opportunity to acquire a 344-site RV park located just off of US-87, a major thoroughfare running south to the New York City Metro area and north to Upstate New York’s many natural attractions.
• Approximately 86% of the park's rental income comes from seasonal tenants who pay from $2,425 to $2,950 per season and many leave their RVs in the park year round.
• Many tenants live within an hour drive of the community and leave their RVs in the park to use as an affordable summer vacation home.
• A new owner could potentially grow the seasonal portion of the business by adding more full service lots. In addition, the park’s convenient location just off of the highway positions it well to start catering to more transient tenants.
• Recent capital improvements include upgrading a section of the park from 30 to 50 amp service, a new pool liner, new septic pipe, new sewer pumps, a new playground, remodeled bathrooms, redone store and office, and upgrading the mini golf.
• Amenities include two swimming pools, a fishing pond, playground, mini golf, snack bar, shuffleboard, horseshoe pits, volleyball, basketball, a clubhouse, arcade and more.
• Most sites are serviced with 50-amp electric panels: 258 sites are 50-amp and 86 are 30-amp.

Location

• Saratoga county serves as a gateway to the 6.1 million acre Adirondack Park, the largest protected area in the contiguous United States.
• The world-renowned Saratoga Race Course is 15 miles from the property and draws hundreds of thousands of visitors during the summer meets. A report published in 2015 by the Saratoga County Industrial Development Agency estimates that the track generates $237 million of economic activity for the local economy.
• Every year, thousands gather in Queensbury, less than 20 minutes from Adirondack Gateway, for the Adirondack Balloon Festival. In addition to the balloon launch, the festival hosts a number of vendors and a craft fair.
• Saratoga Spa State Park, known for its mineral springs, bathhouses and the Saratoga Performing Arts Center, attracted 2.9 million visitors in 2013.
• Less than 20 miles north, Lake George is a popular summer destination offering numerous water activities, hiking and local attractions including Prospect Mountain and the Adirondack Winery Tasting Room.
• The Great Escape & Splashwater Kingdom Amusement Park is less than 20 minutes from the community.
• Moreau Lake State Park is minutes from the property and features a pristine lake, beach and hiking trails.
• Nearby Saratoga Springs and Glens Falls offer travelers convenient access to entertainment, services and amenities including several national retailers.
• Tourism plays a major role in the New York economy and is the state’s fifth-largest industry with a $100.1 billion economic impact in 2014.

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