2021 Gross Income $561,000

Current Operation

Florida Lakefront RV Park consists of over 28 acres of waterfront property with over 8,000 MOL linear feet of waterfront shoreline. With over 120 rental lots the park has a mixture of RV Spaces, Tenant Owned Mobile Homes, Park Owned Mobile Homes. There is huge potential to develop the parks amenities and significantly increase income from Boat Dockage, Fuel Sales, and a waterfront restaurant/Tiki Bar. The restaurant was a thriving waterfront watering hole and seafood house before the current owner closed it down last year for improvements. The current ownership is in the process of submitting plans to increase the size of the restaurant by adding a 2 story Tiki Hut and dockage. A new waterfront deck and sea wall have been installed around the restaurants.
The current ownership has been demolishing the old mobile homes that come up through evictions or private sales and clearing the lots for RV and Travel Trailer Parking. The ownership has not increased lot rents as they have contemplated redeveloping the asset. They have decided to sell which creates increased income in the form of lot rent increases for someone that is looking to take over and improve what is already in place. Sit back and let this property produce income while you land bank the property or plan for development. An experienced, hands on operator can easily reduce parks expenses and substantially increase lot rent. This property is an ongoing fixer upper with a fortune in upside potential. 120 lots at $600 per month. Management is in place to help with an easy transition

Re- Development Potential

This property is perfect for an experienced operator to take over and or Redevelop. This piece of land is perfect for A class RV Park with Restaurant The waterfront restaurant has been connected to the county utilities. This was a very busy and profitable local establishment that sold a fortune in food, drinks and gasoline. The restaurant buildings is ready for a build out, room for a large 2 story Tiki hut with 2 levels of dining & covered bar area. Huge value add by connecting to local sewer utilities, paving the roads and renovating the park owned cottages. Market rate monthly RV lot rent in the area is around $725 per month for inland lots to over $900 per month for waterfront sites.

Florida Lake Front RV Park

1661 Palm Garden St in Tavares, Florida is a very special piece of waterfront property. With over 8,000 linear feet of water frontage and over 50 lakefront home sites there is plenty of room for tenants to dock their boat. The property has 2 waterfront Commercial Buildings, building 1 is used as the park office and buildings 2 is a waterfront restaurant/bar, ready for an interior build out and dock build out. The RV Parks is located on the main thoroughfare US 441 South, within 15 miles from the Florida Turnpike, 23 miles from i75 and 34 miles from i4. Within a 15 minute drive you're in the Heart of The Village's.

Lake Eustis

Lake Eustis is located in Central Florida, west of the city of Eustis. It covers approximately 7,000 acres. It is spring fed and is a member of the Harris Chain of Lakes, and is connected to Lake Harris by means of the Dead River. It is also connected to the St. Johns River via Haines Creek to Lake Griffin, and the Ocklawaha River. The St. Johns River continues north to Jacksonville and the Atlantic Ocean.

Tavares, Fl and Surrounding areas

Tavares, Americas Seaplane City. Located in Lake County centrally situated between Orlando, Interstate i4 and Ocala, Interstate i75. It is part of the Orlando–Kissimmee–Sanford Metropolitan Statistical Area. Tavares is surrounded by several large lakes making this part of the world a first class location for freshwater fishermen, RV'ers, Golfers, Bird watchers and retirees. In addition to the abundant beauty from the chain of Lakes and its Old Florida setting, Tavares and the surrounding Cities take role in Florida Wildlife Conservation offering viewing destinations at multiple State protected sites like Lake Apopka North Shore, Rock Springs Run State Preserve, Lake Louisa State Park, Green Swamp Wilderness Preserve, Ocala National Forest and many others are all within a short drive from the property.
Neighboring development, The Villages was the fastest growing metropolitan area in the United States, growing 39 percent, from about 93,000 in 2010 to about 130,000 in 2020. The Villages covers an area of approximately 32 square miles, an area larger than Manhattan, and is expanding rapidly. The Villages built 5.7 million square feet of commercial business space, with another 3.3 million square feet planned for the near future. Major businesses include restaurants, retail geared toward older Americans, and healthcare providers.
The average commercial occupancy rate in The Villages is approximately 97 percent. Include town centers, regional shopping centers and neighborhood retail plazas. The main business areas are the 500,000-square-foot town centers that feature a mixture of retailers, restaurants, entertainment and service providers. The Villages has a total of 14 grocery stores including seven Publix, three Winn-Dixie locations, The Fresh Market, Target, Walmart Super Center, and a Walmart Neighborhood Market. Citizens First Bank, a community bank headquartered in The Villages, has nine locations throughout the community.