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3257 Colechester Rd - North Bay Shore Campground

1,088 SF Specialty Building Offered at $8,504,820 CAD at a 5.09% Cap Rate in Virginia Beach, VA 23456

Investment Highlights

  • One-of-a-Kind Waterfront RV Campground in a Highly Desirable Area
  • Expansion Opportunities Grandfathered in to Expand the Size of the Park on Its 50+ Acres of Waterfront Property
  • Amenities Include: Boat Ramp Onsite, Dockage Available, Pool, Game Room, Sports Courts, Playground, Bathhouse, Kayak
  • This Property is Surrounded on the Waterfront Side by Wildlife Refuge That Can't be Developed to Help Preserve the Unique Tranquility
  • Minutes From the Atlantic Ocean Beaches by Boat or Vehicle and Minutes to Dock and Dine Restaurant by Boat
  • Multiple Additional Revenue Streams to Include: Park Store Selling Supplies, Ice, Refreshments, Firewood and Bait, Boat & RV Storage

Executive Summary

Sands Investment Group is Pleased to Present Exclusively For Sale the 50.89 Acres North Bay Shore Campground Located at 3257 Colechester Road in Virginia Beach, Virginia. This is a One-of-a-Kind Waterfront RV Campground in a Highly Desirable Area. The Property is Surrounded on the Waterfront Side By Wildlife Refuge That Can't Be Developed to Help Preserve the Unique Tranquility of the Park, Providing For a Secured Investment.

In Association with Scott Reid & ParaSell, Inc. | Costa Mesa, California | A Licensed Virginia Broker #0226032019 Licensed in AR, CA, CO, CT, DC, FL, GA, HI, ID, IL, IA, IN, KS, KY, ME, MD, MA, MI, MN, MO, MT, NC, ND, NE, NJ, NM, NY, NV, NM, NC, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WY Scott Reid & ParaSell, Inc. Works With Prospective Virginia Resident Buyers | SIG Works With Non-Resident Prospective Buyers

Property Facts

Price $8,504,820 CAD
Price Per SF $7,817 CAD
Sale Type Investment
Cap Rate 5.09%
Property Type Specialty
Property Subtype
Trailer/Camper Park
  • Multifamily Dormitory
Building Class C
Lot Size 50.89 AC
Building Size 1,088 SF
No. Stories 1
Year Built/Renovated 1980/2023

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2422-19-1067
Land Assessment
$676,133 CAD
Improvements Assessment
$822,416 CAD
Total Assessment
$1,498,549 CAD

zoning

Zoning Code 6
6
  • Listing ID: 29874332

  • Date on Market: 2023-10-25

  • Last Updated:

  • Address: 3257 Colechester Rd, Virginia Beach, VA 23456

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