– Opportunity to purchase two communities containing a total of 86 sites located within a mile of each other and allowing a new owner to immediately benefit from economies of scale.
– Current owner has done the heavy lifting of replacing infrastructure at Shady Side at an approximate cost of $2,000,000. In addition to grading and paving, all utilities have been updated, including individually metered electric with 200 amp service that is stepped down to 50 amp for the RV’s, new electric poles and transformers throughout park, new sewage throughout, and new water main pits that are individually metered. Each site has LED lights, and address numbers on each pedestal. There are 10 wireless cameras throughout the park for security as well as an aluminum locking mailbox to accommodate all sites.
– All sites at Shady Side can accommodate manufactured homes. Everything has been inspected and the community is ready to go for a new owner to begin filling the park with homes. While the current owner has opted to lease sites to RV’s given the demand in the area, there is an opportunity to convert this to a 100% MH community. According to the owner, there have been many inquiries regarding yearlong leases as well as home sales.
– Most RV occupants at the park are construction workers working at the Shell Cracker Plant, Pittsburgh International Airport, and the new 526 toll road, which is currently the largest construction area in the entire state.
– The nearly $6 billion Shell ethylene cracker plant is under construction approximately 5 miles from the parks and is expected to be fully operational in 2022. The cracker plant will have a major economic impact on the immediate area, with an estimated 600 full-time jobs for employees working at the plant, and officials expect the development to create many more jobs outside the facility.
– There are an additional 4 more cracker plants being built in the area as well as natural gas pipelines connected to each, providing a stable base of workers who will need a place to stay.
– Within a ten mile radius of the communities, total population is 162,097, average household income is $82,362, and average home values are $202,877.