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1 Shumate Falls - ±1,515 Acres | Stunning Outdoor Resort 1,515 Acres of Commercial Land Offered at $6,630,620 CAD in Rich Creek, VA 24147
INVESTMENT HIGHLIGHTS
- MR Real Estate Team - VA License #: 225249180. Bang Realty - WV License #: WVB200300608.
- Various site types including: 30-AMP and 50-AMP electric, 42 full hook-ups, pull-through and back-in
- Site and facility features include: patio, clubhouse (“Ed’s Place”), table and fire ring, room for slideouts, Wi-Fi, guest reception, restroom, shower
- Total Sites: 66 | 42 RV Sites | 15 Primitive Campsites | 5 Wilderness Campsites | 4 Yurts. 4 luxury yurts
- Utilities include: water (well), sewer (septic) and electric (Appalachian Power), internet
- A state-of-the-art clay shooting course and 5-stand clay shooting. Amish-built timber-framed wedding and corporate event venue
PROPERTY FACTS
| Price | $6,630,620 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1,515.00 AC |
| Property Type | Land | ||
| Zoning | C-1, MR/C - VA: C-1, WVA: MR/C | ||
| Price | $6,630,620 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1,515.00 AC |
| Zoning | C-1, MR/C - VA: C-1, WVA: MR/C |
1 LOT AVAILABLE
Lot
| Price | $6,630,620 CAD | Lot Size | 1,515.00 AC |
| Price Per AC | $4,376.65 CAD |
| Price | $6,630,620 CAD |
| Price Per AC | $4,376.65 CAD |
| Lot Size | 1,515.00 AC |
DESCRIPTION
Rare opportunity to invest in a ±1,515-acre stunning recreational resort property located on the Virginia/West Virginia border with an income producing outdoor resort. From breathtaking mountain top views down to the easily accessible New River, this scenic property has so much to offer. Centrally located between Virginia, West Virginia, North Carolina, Ohio and Pennsylvania, this resort is within hours of population centers such as Charlotte, NC, Richmond, VA, Washington, DC, and Huntington, WV. Effectively “a privately-owned state park,” this all-season resort opened several years ago as a campground. With 42 RV sites, luxury yurts (which is a circular wood framework tent covered with canvas), and numerous wilderness campsites, this beautiful, wooded property has facilities in place and can accommodate further RV/camping-oriented expansion. Approvals are in place for 23 cabins/treehouses on the Virginia side, while the West Virginia side offers an abundance of expansion opportunities. A newly paved 2-mile road provides easy, scenic access to the property off of Highway 460 along the New River. In addition to campground/RV facilities, millions of dollars' worth of infrastructure have been added to diversified streams of revenue, such as the Amish-built timber-framed wedding and corporate event venue with accommodations, sales of UTV & motorcycle trail passes, a state-of-the-art clay shooting course and 5-stand clay shooting, river outfitters, and facilities for large camping-oriented gatherings, events and festivals. Located on one of the rare, secluded stretches of the New River unaffected by the noise of freight trains, the resort offers guests world-class fishing and world-class motorsport riding. Over 60 miles of interlocking UTV trails, and approximately 100 miles of single-track trails for dirt bike riding, horses, mountain biking and hiking offer some of the most majestic views the Appalachian Mountains have to offer. The trail systems and training courses continue to provide the ideal setting for enduro, motocross racing, training events and schools hosted by some of the world’s best riders. While investments have been made for future profitability and personnel are in place to run the variety of operations, health issues of key management have limited the time and attention required to stabilize income. This unique scenario presents a rare opportunity for an astute investor.
PROPERTY TAXES
| Parcel Number | 12-5 | Improvements Assessment | $0 CAD |
| Land Assessment | $823,177 CAD | Total Assessment | $823,177 CAD |
PROPERTY TAXES
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1 Shumate Falls - ±1,515 Acres | Stunning Outdoor Resort
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