Contact Information

Anja Jauregui

Jones Lang LaSalle

CONTACT BROKER

Price: $2,150,000
Cap Rate: 7.0%
Listing ID: 6699458
Posted On: Aug 19, 2024
Updated On: Aug 26, 2024

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 manufactured 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.

Location

Lewiston and Clarkston are neighboring cities located in the Lewis Clark Valley at the confluence of the Snake and Clearwater rivers. This region is surrounded by beautiful landscapes and offers a range of amenities for residents and visitors alike.

Lewiston is the larger of the two cities and serves as the economic and cultural hub for the area. It has a vibrant downtown area with a mix of locally owned shops, restaurants, and art galleries. The lively atmosphere is complemented by the city’s rich history, with several historical buildings and landmarks to explore, including the Lewis-Clark State College campus.

Clarkston, on the other hand, offers a more laid-back atmosphere and is known for its small-town charm. The city is located on the Washington side of the river and provides picturesque views of the surrounding hills. Clarkston serves as a gateway to the Hells Canyon National Recreation Area, offering outdoor enthusiasts a range of recreational opportunities, including hiking, fishing, and boating.

Both Lewiston and Clarkston benefit from their proximity to the rivers, providing residents with ample opportunities for water-based activities such as fishing, boating, and kayaking. Additionally, the Lewis-Clark Valley boasts numerous parks, nature reserves, and hiking trails, providing residents and travelers easy access to nature and the great outdoors. The area also hosts a variety of events and festivals throughout the year, showcasing the local culture and community spirit. From the Lewiston Roundup, a popular rodeo event, to the Dogwood Festival in Clarkston, there are plenty of opportunities for residents and visitors to come together and celebrate.

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