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Smith River RV Park 319 T B Stanley Hwy Mobile Home Park $5,597,619 CAD 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 127-site (122 RV + 5 tent) riverfront outdoor hospitality asset situated on ±74.41 acres along the Smith River in Henry County, Virginia, featuring approximately 3,200 feet of premier river frontage. This is a rare, irreplaceable asset within a high-demand outdoor recreation corridor.
The property is currently operating below stabilized occupancy, presenting immediate upside through increased transient bookings, rate optimization, and enhanced online marketing. With significant existing capacity and no redevelopment required, the path to stabilization is primarily operational.
Improvements include a ±5,000 SF general store, a ±1,200 SF renovated bathhouse with coin and app-based laundry, on-site management and maintenance, and an established CampSpot reservation system. Major infrastructure upgrades were completed in 2020, including county water and sewer to all sites and underground electrical throughout.
Additionally, the ±74.41-acre parcel includes excess land currently utilized for storage, offering the potential to develop 60+ additional RV sites without the need for major infrastructure expansion. This provides a clear second phase of value creation beyond initial lease-up.
The Smith River is a premier regional destination known for trophy trout fishing, kayaking, and tubing, drawing visitors from Virginia, North Carolina, and beyond. The property is conveniently located just 8 miles from Martinsville along Route 220, with proximity to Philpott Lake and Dam supporting consistent, year-round tourism demand.
The property is currently operating below stabilized occupancy, presenting immediate upside through increased transient bookings, rate optimization, and enhanced online marketing. With significant existing capacity and no redevelopment required, the path to stabilization is primarily operational.
Improvements include a ±5,000 SF general store, a ±1,200 SF renovated bathhouse with coin and app-based laundry, on-site management and maintenance, and an established CampSpot reservation system. Major infrastructure upgrades were completed in 2020, including county water and sewer to all sites and underground electrical throughout.
Additionally, the ±74.41-acre parcel includes excess land currently utilized for storage, offering the potential to develop 60+ additional RV sites without the need for major infrastructure expansion. This provides a clear second phase of value creation beyond initial lease-up.
The Smith River is a premier regional destination known for trophy trout fishing, kayaking, and tubing, drawing visitors from Virginia, North Carolina, and beyond. The property is conveniently located just 8 miles from Martinsville along Route 220, with proximity to Philpott Lake and Dam supporting consistent, year-round tourism demand.
Property Facts
| Price | $5,597,619 CAD | Lot Size | 75.00 AC |
| Sale Type | Investment | Building Size | 3,267,000 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Manufactured Housing/Mobile Home | Year Built | 2020 |
| Building Class | B | ||
| Zoning | A-1, B-1 - General Agricultural, Limited Business | ||
| Price | $5,597,619 CAD |
| Sale Type | Investment |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | B |
| Lot Size | 75.00 AC |
| Building Size | 3,267,000 SF |
| No. Stories | 1 |
| Year Built | 2020 |
| Zoning | A-1, B-1 - General Agricultural, Limited Business |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 228180000 | Improvements Assessment | $52,882 CAD |
| Land Assessment | $85,488 CAD | Total Assessment | $138,370 CAD |
Property Taxes
Parcel Number
228180000
Land Assessment
$85,488 CAD
Improvements Assessment
$52,882 CAD
Total Assessment
$138,370 CAD
Contacts
-
Pierce Brazil -
Dimitre Petrov -
Dylan Brazil -
Commercial Real Estate Investors Inc
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Smith River RV Park | 319 T B Stanley Hwy
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