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319 T B Stanley Hwy - Smith River RV Park 3,267,000 SF Specialty Building Offered at $5,614,450 CAD in Bassett, VA 24055
Investment Highlights
- The property underwent major upgrades in 2020 across multiple aspects of infrastructure and improvements.
- 122 (RV) + 5 (Tent) site riverfront outdoor hospitality property situated on approximately 31.20 acres with approximately 3,200 feet of frontage
- County water and sewer to all sites and underground electric service throughout the property.
Executive Summary
Smith River RV Park is a 122 (RV) + 5 (Tent) site riverfront outdoor hospitality investment offering full-hookup RV sites plus 5 tent sites on ±74.41 acres along the Smith River in Henry County, Virginia — with approximately 3,200 feet of prime river frontage. This is a scarce, irreplaceable natural asset in a high-demand outdoor recreation corridor.
The park is currently operating well below stabilized occupancy, creating immediate upside through transient booking growth, rate optimization, and an improved online presence. With substantial remaining capacity across the park and no redevelopment required, the path to stabilization is primarily operational.
The property includes a 5,000 SF general store, a 1,200 SF updated bathhouse with coin and app-pay laundry, on-site management and maintenance staff, and a CampSpot booking system already in place. Major infrastructure upgrades were completed in 2020, with county water and sewer to all sites and underground electric service throughout.
Adding further upside, the ±74.41-acre parcel includes excess land currently used for warehouse and storage — with potential to add 60+ additional RV sites without acquiring new land or installing new infrastructure. This expansion runway represents a compelling second stage of value creation beyond simple lease-up.
The Smith River is a premier regional recreation draw known for trophy trout fishing, kayaking, and tubing, attracting visitors from Virginia, North Carolina, and beyond. Located just 8 miles from Martinsville on Route 220, with nearby Philpott Lake and Dam anchoring additional outdoor recreation demand year-round.
The park is currently operating well below stabilized occupancy, creating immediate upside through transient booking growth, rate optimization, and an improved online presence. With substantial remaining capacity across the park and no redevelopment required, the path to stabilization is primarily operational.
The property includes a 5,000 SF general store, a 1,200 SF updated bathhouse with coin and app-pay laundry, on-site management and maintenance staff, and a CampSpot booking system already in place. Major infrastructure upgrades were completed in 2020, with county water and sewer to all sites and underground electric service throughout.
Adding further upside, the ±74.41-acre parcel includes excess land currently used for warehouse and storage — with potential to add 60+ additional RV sites without acquiring new land or installing new infrastructure. This expansion runway represents a compelling second stage of value creation beyond simple lease-up.
The Smith River is a premier regional recreation draw known for trophy trout fishing, kayaking, and tubing, attracting visitors from Virginia, North Carolina, and beyond. Located just 8 miles from Martinsville on Route 220, with nearby Philpott Lake and Dam anchoring additional outdoor recreation demand year-round.
Property Facts
| Price | $5,614,450 CAD | Lot Size | 75.00 AC |
| Price Per SF | $1.72 CAD | Building Size | 3,267,000 SF |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2020 |
| Property Subtype | Trailer/Camper Park | Parking Ratio | 0.04/1,000 SF |
| Building Class | B | ||
| Zoning | A-1, B-1 - General Agricultural, Limited Business | ||
| Price | $5,614,450 CAD |
| Price Per SF | $1.72 CAD |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Trailer/Camper Park |
| Building Class | B |
| Lot Size | 75.00 AC |
| Building Size | 3,267,000 SF |
| No. Stories | 1 |
| Year Built | 2020 |
| Parking Ratio | 0.04/1,000 SF |
| Zoning | A-1, B-1 - General Agricultural, Limited Business |
Amenities
- Property Manager on Site
- Signage
- Waterfront
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Property Taxes
| Parcel Number | 228180000 | Improvements Assessment | $53,295 CAD |
| Land Assessment | $86,156 CAD | Total Assessment | $139,451 CAD |
Property Taxes
Parcel Number
228180000
Land Assessment
$86,156 CAD
Improvements Assessment
$53,295 CAD
Total Assessment
$139,451 CAD
Contacts
-
Pierce Brazil -
Dimitre Petrov -
Dylan Brazil -
Commercial Real Estate Investors Inc
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319 T B Stanley Hwy - Smith River RV Park
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