104 Orange St

Description

NORTH EAST FLORIDA RV RESORT DEVELOPMENT SITE INVESTMENT HIGHLIGHTS: Land use, Zoning, PUD approved Town Water Highly Walkable Location Existing 1400 sq ft usable building on site. New metal roof in 2017. Central Located to access nature and be drivable to ocean, major cities, and attractions. Zoned up to 133 spaces. Current Plans call for 116 spaces. Mix of super sites, pull-thru, and back-ins. Clubhouse, lounge, bathhouse, resort level pool & amenities, walking path and fully fenced perimeter. Boundary Survey, Topo Survey, Tree survey, Environmental Study, Traffic Study, GeoTech Samples All completed. Currently Finishing Final Engineering for Final Site Design for Building Permits. Great Central location in Florida where campers can spend weekends going to the springs ,camping in nature, and escaping the busyness of city lives. Interlachen is removed enough for dark skies and no traffic but still within range of all the things we like. PRO FORMA, BUILD PROJECTIONS, & FINISHED VALUE Income Pro forma. Different types of sites have different rates. Longer stays are discounted over shorter stays. Initial pricing will be geared towards getting people in the door. 114 sites @ $100 night 11,400 night $342,000 mo $4.1M annual @ 70% Occupancy 2.87M 114 sites @ $75 night 8,550 night $256,500 mo $3.08M @ 70% Occupancy 2.16M 114 sites @ $50 night 5,700 night $171,000 mo $2.05M @ 70% Occupancy 1.44M 114 sites @ $33 night is 114k a month or 1.37M annual @ 70% Occupancy 958K $800-1200 month rates (27/40Day) fit within the range of local competition. $400-550 weekly rates (57/79Day) fit within the range of local competition. $70-105 Daily rate within the range of local competition GC quotes coming: Estimate around 1.5M in infrastructure, roads, and site build Estimate around 1M in ClubHouse & Pool Estimate of 1M in Misc perimeter fencing, gates, landscaping, Etc Final value: Comps for similar properties have closed between $5-7 Million and currently a very comparable park is for sale asking $8.5M Seller-Financing Potential Interlachen is an hour away from St. Augustine, FL and the Atlantic Ocean. Gainesville, FL is 30 minutes away, Ocala is 45 minutes away and Orlando, FL is 1.5 Hours away. Springs and lakes are all around Interlachen. There are hiking and biking trails, off roading, hunting, fishing, boating, horse back riding and more all within range of the 1870 RV Resort. The 1870 RV Resort is connected by sidewalks to the heart of the town and a short walk to get groceries, go out to eat, and visit plenty of stores to make purchases including thrift, hardware, auto parts, fuel, flowers, and more. Interlachen is a small town that will greatly benefit economically from the outside dollars flowing in from a steady stream of high quality visitors and we love to play a role in helping a small town thrive. The 1870 RV Resort intends to offer a resort level swimming pool, laundry facilities, play space for families, hang out space, co-work space, high speed internet, walking path, fitness center, small store and both indoor and outdoor kitchens for use by guests. The roads to arrive at the Resort are Big Rig approved truck routes and our entrance is in a 35 MPH zone so there's no danger in slowing down to make your turn into the property.