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2515 Bay Ave - Popular Coastal 4 Acre RV Park, 2515 Bay Ave

3,000 SF Specialty Building Offered at $1,913,584 CAD at a 4.81% Cap Rate in Ocean Park, WA 98640

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Investment Highlights

PRICE REDUCED! OWNER CARRY CONTRACT WILL BE CONSIDERED
Enclosed gazebo w/kitchen for tenants to use.

High ground, developed with owner's residence for 36 RV rental sites, nearly 4 acres, zoned R3, level.

Executive Summary

Ocean Bay Mobile Home & RV Park is on the Beach to Bay Trail. This well maintained property includes nearly 4 acres of level land developed into a thriving business that includes 36 spaces w/full hook-ups (including 5 mobile home spaces and 13 monthly RV rentals). All water lines have been replaced with PVC. Septic system includes 9 newer tanks w/5 drain fields, all certified every 3 years. The private water system includes 2 wells & is a Certified Class A TNC system. Detached garage/shop w/heated floor system for storing a classic car. Included: owner's comfortable residence, a gazebo with full kitchen, restrooms, showers, fish cleaning station, a large tenting area and an acre for expansion. Coastal living at its best with a livelihood! SBA and USDA federal loan programs may be available. Tax assessed value $1,124,500. Owner Carry Contract will be considered.

2515 Bay Ave Flyer

Market Considerations in additon to CAP Rate

360_Property_View 2159002 PCH 5-3-2024

TAX ASSESSOR SUMMARY SHEET

EXH A - Legal Description

ETC MAP WITH TAX PARCELS IDENTIFIED

Property Facts

Price	$1,913,584 CAD	Building Class	B
Price Per SF	$638 CAD	Lot Size	3.89 AC
Sale Type	Investment	Building Size	3,000 SF
Cap Rate	4.81%	No. Stories	1
Property Type	Specialty	Year Built	2000
Property Subtype	Trailer/Camper Park	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,913,584 CAD
Price Per SF	$638 CAD
Sale Type	Investment
Cap Rate	4.81%
Property Type	Specialty
Property Subtype	Trailer/Camper Park
Building Class	B
Lot Size	3.89 AC
Building Size	3,000 SF
No. Stories	1
Year Built	2000
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

Bus Line

PATH

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zoning

Zoning Code	R3 Resort District (R3 Resort District allowing RV Park, short term vacation rentals, Bed and Breakfast, multifamily dwellings, and many other resort type uses.)
R3 Resort District (R3 Resort District allowing RV Park, short term vacation rentals, Bed and Breakfast, multifamily dwellings, and many other resort type uses.)