9.19%+ Cap Rate. 280ft of prime highway frontage. Approx 8,240-11,941 Daily passing traffic. 12 unit Lodge. 20 space RV park with full hookups.
North Idaho RV Park & Lodge for sale, middle of town walking distance from multiple Grocery Stores and restaurants, gorgeous setting with endless mountains and rivers
The Lodge features a recently renovated open lobby with potential for a bar. Recently renovated 12 unit Lodge & 20 RV Full Hook-up sites. 280ft prime highway frontage, 1.85 Acres zoned as commercial in the city limits of Bonners Ferry, ID. 5 of the 12 lodge rooms have kitchenettes, a 1 bedroom 1 bath managers apartment with full kitchen. 2 full RV Showers & Bathrooms for staying guests. Large unfinished basement for possible 2 additional bedrooms and 1 bathroom. Massive unfinished attic. Full laundry & storage facilities. 3 Utility rooms. Potential for vast improvement as you can easily increase revenues with some simple additions: Raise RV and Lodge Rates to meet market: $50k Additional Yearly Revenue
In the Lobby you can easily add Coffee Shop/Bakery, Beer and Wine Bar, and Gift shop with another $200k+ Additional Yearly Revenue. Vacant Highway frontage is perfect for a coffee/food trucks tenants $36k Additional Yearly Revenue. Potential to add nearly $300k in additional revenue!!
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Listed For Sale | $1,750,000 | $317 | Berkshire Hathaway HomeServices Jacklin Real Estate |
Year | Annual Amount | Description |
---|---|---|
2024 | $7,995 |
High School Bonners Ferry High School | 0.1 miles away | 09 - 12 | |
Middle School Boundary County Middle School | 0.2 miles away | 06 - 08 | |
Elementary School Valley View Elementary School | 0.5 miles away | PK - 05 |