80 Obrien Road, Port Angeles, WA 98362

$7,950,000

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Listing courtesy of RE/MAX Prime. Selling Office: RE/MAX Prime.

Sold Price
$7,950,000
List Price
$8,400,000
Status
SOLD
MLS#
2185007
Closing Date
Sep 06, 2024
Days on Market
123
Annual Tax Ammount
16743
Internet Provider
Astound

Property Description

Golden opportunity, Owners are retiring! Located in the rain shadow of the Olympic mountains, this successful, award winning 37 acre campground is close to the entrance of Olympic National Park & ferries to Canada. With a total of 96 sites consisting of 12 cabins, 25 tent sites, 58 RV sites & lodge, there is something for everyone. On site amenities include outdoor pavilion, multi-purpose garage for crafts & games, managers house, fully stocked store, game room, pool, laundry, dog park and dump station. Open year round, the high season is from May to September. With the many festivals on the peninsula during this time, as well as the proximity to the greater Seattle area and Canada, ensures many weekends at or near capacity.

Additional Information

Community
Southeast Port Angeles
Building Condition
Good
Style
76 - RV Park
Year Built
1990
# of Assigned Spaces
120
Roof
Cedar Shake, Composition, Metal
Tax Year
2023
Potential Terms
Cash Out, Conventional, Owner Financing
Driving Directions
W on Highway 101 to OBrien Road, South to entrance of KOA on west side of OBrien.
Electric Expenses
19184
Other Expenses
17000
Energy Source
Electric, Propane
Net Operating Income
$574,961
Gross Adjusted Income
$504,937
Gross Scheduled Income
$878,005
Water/Sewer/Garbage Expenses
$18,707
Cap Rate
6.5
Vacancy Rate
10
Total Expenses
$87,777
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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