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Listed by Tim Ryan, DRE #02097345 • Avine Real Estate
$ 4,995,000
Est. payment /mo
Active
25433 South AVE Corning, CA 96021
8 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC26117144
Year Built 1953
Lot Size 8 Sqft
Source California Regional MLS
Property Description
Woodson Bridge RV Park is a 125-site community, located in Corning, Tehama County, CA and offered at $4,995,000. The Property consists of 110 long-term RV/MH sites, 14 transient RV sites, a 2-bed 2-bath site-built residence with 2-car garage, a convenience store, clubhouse, maintenance garage, and common area facilities including bathrooms, showers, and laundry. The community is income producing with pricing reflecting a 8.87% current cap rate. There is light value-add upside through convenience store income optimization as well as gradual rent and occupancy growth. 98 of the 110 long-term RV/MH sites are occupied at an average site rent of $612 per month, with all occupied homes owned by their residents. The 14 transient RV/MH sites generate supplemental income. The Property is HCD permitted for 134 total RV/MH sites (31 MH, 96 RV w/Drain, 7 RV w/o Drain), with 10 sites currently inactive. Additional income is generated from service fees for community facilities, maintenance, guest access, storage, and other ancillary charges. Income from the on-site convenience store is excluded from the financials, representing financial upside for a new owner. The store inventory and other personal property are excluded from the offering price and subject to negotiation. PG&E electricity i
Location
State CA
County Tehama
Area Pl01 - Tehama County
Interior
Laundry Laundry Area, Community Facility
Exterior
Garage Spaces 2.0
Pool None
Building
Sewer Sewer Available at Site
Water Well
Others
Tax ID 079220002000
Special Listing Condition Not Applicable
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