1314 W Pierce St 1,470 SF Specialty Building Offered at $767,756 CAD at a 6.36% Cap Rate in Burns, OR 97720

Executive Summary.
This attractive offering features a 37-site RV park built in 2020. This
park is complemented by four on-site studio apartments, all
conveniently situated in the heart of Burns, OR.
This is a great investment opportunity to acquire a well-established,
income-generating property at nearly a 6.5% cap rate.
This property has the amazing benefit of being hooked to city water
and sewer, which is very rarely available. Which means no wells or
septic systems to maintain.
The Property boasts an array of desirable amenities, including a nice
combination of 30 and 50 amp full underground hookups at every site.
All sites are level and graveled. The road is gravel with two built-in
speed control features. Two restrooms with showers, high-speed Starlink internet, security cameras, Wi-Fi and a fenced pet relief area.
This property is low maintenance with dry climate landscaping.
Investing in this RV park presents a compelling opportunity to
capitalize on Harney County's year-round outdoor appeal and benefits
from the region's year-round tourism appeal.
Proximity to prime fishing, bird watching and various other recreational
activities. Close to Hwy 20 which is the main east/west thorough fare
through the center of Oregon.
Current owners run this amazing property remotely with a long-term
on-site manager who takes care of the daily tasks. Owners specialize
in developing, operating for 5 years to prove the property, then sell.
Seller currently uses Campspot for their reservation system.
Whether you're looking to expand your investment portfolio or step
into a wonderful hospitality venture, this park has it all: high visibility,
strong seasonal draw, and tons of repeat business.