Active
205 S Pacific Highway
Talent OR, 97540
$1,995,000
$20.09 per sqft
Active
99,317 sqft
Commercial
Courtesy of Windermere Van Vleet & Assoc2, Steven W Parmelee
Rare opportunity to buy an RV park in Talent. The Wagner Creek RV park is located on South Pacific Highway, just a short drive to I5 and just 10 minutes from Ashland. Formerly a mobile home park that was destroyed in the Almeda fire. The infrastructure was re-built so everything is new and the use changed to an RV park. Park currently has 27 spaces and 2 additional apartment rentals in the frame building. Spaces are oversize because they were designed for mobile homes so there is upside potential to add more RV spaces by re-arranging the park lay out. Park has a small coin-op laundry for additional income. Public sewer and water. Individual utilities are billed back to the tenants. Current Cap rate is 5.28% and with a small expansion (5 extra spaces) it could rise to 8.5%. See attached income and expense report and financial measures report.
220181356
MLSⓇ ID
April 24, 2024
Listed
May 9, 2024
Updated
Map
205 S Pacific Highway
Talent OR, 97540
Interior Features
Total Stories
2
Floor Description
Other
Fireplace
Yes
Cooling
Yes
Cooling Description
Other
Heating
Yes
Heating Description
Other
Exterior/Building Features
Lot Size
2.28 Acres
Exterior Features
No Common Walls, Frame
Roof
Metal
Sewer
Public Sewer
School Information
School District
Acres
Other Property Details
Taxes
$9,591
Tax Frequency
Annually
Garage
No
Parking
Asphalt, Gravel, RV Access/Parking
Parking Total
29
View
No
County
Jackson
Municipality
29
Water Source
Public
Pool
No
Zoning
CBH
Green Building Features
Green Features
Public Utilities
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Data last updated 2:10 PM UTC, 5/9/2024