RiverWalk RVP_Property for Sale
RiverWalk RVP_Property for Sale
3040 Clemans Rd, Clarkston, WA 99403

RiverWalk RVP

Asset Description

JLL, as the sole and exclusive agent, has been retained to offer the opportunity to acquire RiverWalk RV Park (the “Property”), a 3.11-acre RV park located in Clarkston, WA along the Snake River. The offering consists of a full-hookup RV park consisting of 26 RV sites, 2 storage units, and 3 recently renovated homes, each with 12-month leases in place. Currently, ownership does not bill-back for electricity usage on long-term stays, which provides immediate upside in revenue. Improvement upgrades to both the rentals and storage units were completed in 2022-2023. Situated along WA-129, travelers and residents are just outside the city limits and a short 4-mile drive to downtown Clarkston or Lewiston.


Clarkston, Washington, is a charming city located along the Snake River in Asotin County. It shares close ties with Lewiston, Idaho, forming a bustling twin cities region with a unique moniker – the “Banana Belt” of the Lewis Clark Valley. The immediate area offers breathtaking natural beauty, with the confluence of the Clearwater and Snake Rivers providing abundant opportunities for outdoor recreation such as boating, fishing, paddleboarding, mountain biking, and riverside trail hiking. The downtown area is home to local shops and restaurants, creating a welcoming small-town atmosphere combined with the amenities of a larger city, including an airport (located in Lewiston) and major big-box retailers such as Costco, Walmart, and Home Depot.

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Attributes

Asking price
£1,665,000
Land area gross
3.11 acres
Number of units
31
Occupancy
90%
Parcel
10420004000000000
Zoning
Light/Neighborhood Commercial (L-C)

Media

Investment Highlights

  • 90% current physical occupancy (2 pending applications will push occupancy to 100%)
  • Ability to recover electricity usage from month-to-month tenancy provides immediate value-add potential
  • 99% average occupancy since 1997
  • ~$100K in CAPEX reinvested into the rental units between 2022-2023
  • Situated on public water (on-site septic)
  • WA is an income tax free state and has no rent control
  • Lack of affordable housing creates a supply/demand imbalance, positioning the Property favorably 
  • Nearby plenty of year-round recreation opportunities 
  • including hiking, fishing, boating, hunting, and golfing
RiverWalk RVP 4_Property for Sale
RiverWalk RVP 4_Property for Sale

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RiverWalk RVP (0 Properties)

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Last updated
7 Nov 2024