$ 1,799,000
104 ORANGE ST Interlachen, FL 32148
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$ 1,799,000
Est. payment /mo
Active
104 ORANGE ST Interlachen, FL 32148
2 Baths
2,956 SqFt
UPDATED:
10/13/2024 10:34 AM
Key Details
Property Type Commercial
Sub Type Mobile Home Park
Listing Status Active
Purchase Type For Sale
Square Footage 2,956 sqft
Price per Sqft $608
MLS Listing ID 2015945
HOA Y/N No
Originating Board realMLS (Northeast Florida Multiple Listing Service)
Year Built 1990
Lot Size 10.980 Acres
Acres 10.98
Property 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.
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.
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.
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.
Location
State FL
County Putnam
Area 574-Interlachen-Nw
Direction From SR20 Turn North on 315. Turn Left on Orange Street. Orange Street entrance is next to Interlachen Public Library. Property and existing church building on right hand side.
Exterior
Waterfront No
Roof Type Metal
Private Pool No
Building
Lot Description Cleared, Many Trees, Wooded, Other, Uplands
Water Public
Others
Tax ID 101024015000400230
Acceptable Financing Cash, Conventional, FHA, Lease Option, Owner May Carry, Private Financing Available, USDA Loan, VA Loan
Listing Terms Cash, Conventional, FHA, Lease Option, Owner May Carry, Private Financing Available, USDA Loan, VA Loan
Listed by GREAT EXPECTATIONS REALTY