16191 Siena St - Rainbow Plantation RV Park
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16191 Siena St - Rainbow Plantation RV Park
10,000 SF Specialty Building Offered at $5,625,600 CAD in Summerdale, AL 36580
Investment Highlights
- Rainbow Plantation is a majority transient RV park with average rates of ~$11/ night and running ~60% occupancy.
- Market rates are ~$30-35/night.
- Easy access to regional amenities such as the outlets and Hot Air Balloon Festival in Foley, AL.
- By converting to a public park without memberships and increasing advertising spend the rates should be able to be increased to market rates
- Located 35 minutes from the beach between Mobile, AL and Pensacola, FL.
- Management in-place with current out-of-area owner and ready for stabilization post-membership.
Executive Summary
Colliers Manufactured Housing & RV Group, serving as the exclusive agent for the Owner, presents the offering to acquire Rainbow Plantation RV Park, a 119-site RV Park in Summerdale, Alabama, 32 miles from Mobile. The coastal Alabama area offers an idyllic escape with its pristine white-sand Gulf beaches, vibrant culinary scene, and warm Southern hospitality. This well-appointed RV park features extra-large full-hookup sites, dry camp sites, a clubhouse, swimming pool, dog park, laundry facilities, and a bathhouse.
The property is strengthened by its multiple growth opportunities, including 31 acres of expansion potential, and its prime location in one of the most popular beach vacation destinations in the U.S.
Conversion from a majority-membership park to a traditional park provides opportunity for a new buyer to purchase the property below-replacement cost and lease up and stabilize the park over a 1-3 year period.
The property is strengthened by its multiple growth opportunities, including 31 acres of expansion potential, and its prime location in one of the most popular beach vacation destinations in the U.S.
Conversion from a majority-membership park to a traditional park provides opportunity for a new buyer to purchase the property below-replacement cost and lease up and stabilize the park over a 1-3 year period.
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Property Facts
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PROPERTY TAXES
| Parcel Number | 55-02-04-0-000-019.056 | Improvements Assessment | $187,188 CAD |
| Land Assessment | $18,205 CAD | Total Assessment | $205,392 CAD |
PROPERTY TAXES
Parcel Number
55-02-04-0-000-019.056
Land Assessment
$18,205 CAD
Improvements Assessment
$187,188 CAD
Total Assessment
$205,392 CAD
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Mike Nissley -
David Nissley -
Richard Knapp -
Colliers Manufactured Housing & RV Group
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16191 Siena St - Rainbow Plantation RV Park
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