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1505 Co Rd 23, Florence, AL 35633
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$2,490,000
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Home Details for 1505 Co Rd 23
Price
$2,490,000
Type
Commercial/Industrial
Total Bathrooms
2
Full Bathrooms
2
Year Build
2022
Sq. Ft.
1512
Lot Size
9
County
Lauderdale
Total Rooms
8
Tax
$1,103.2
MLS®️ Listing#
518012
On exitrealty.com
375 days
Property 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.
- Utilities
- Electricity Connected
- Parking
- RV Gated
School Information
School Information for 1505 Co Rd 23
Elementary School
Florence
Middle School
Florence
High School
Florence
Listing Courtesy: MarMac Real Estate - The Shoals - 256-349-5874. Presented by: Melissa Goduti
The data relating to real estate for sale on this website comes in part from the Internet Data exchange ("IDX") program of the Strategic MLS Alliance. IDX information is provided exclusively 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. Real estate listings held by brokerage firms other than {{BROKERAGE}}, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright ©2025 Strategic MLS Alliance. All Rights Reserved.See average values in the proximity of this property
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Market statistics compiled from data from Shoals Area Association of Realtors.
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$2,490,000
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EXIT RIVER CITY REALTY
4221 Huntsville Road, Florence, AL 35630