Alpine Lodge & RV
$2,750,000
900 South Main Street, Cascade, ID 83611
9.6
Cap Rate
320,725
NOI
Details:
Highlights:
- 9.60% Cap Rate, 12.39% ROI (Actuals) - $56,122 Per Key
- Turnkey Property With Diverse Lodging Mix
- Recently Renovated With Ample Parking
- Potential To Expand RV Park/Cabins
- Options For On-Site Employee Housing
- 90 Min To Boise/Year-round Demand Drivers
- Event Space Caters To Fishing Enthusiasts
- Option To Purchase Adjacent Self Storage Business & Land (Additional Cost)
Description:
Southwest Idaho Resort Opportunity
Alpine Lodge & RV is a 49-key economy resort with a well-rounded mix of accommodation styles. The property offers room options, including tent campsites, ample pull-through and back-in RV sites with full hookups, and newly renovated lodge and motel rooms. The on-site Clubhouse is available for events and offers a gathering space for guests, enhancing its appeal to groups and families. Amenities include indoor and outdoor fish cleaning stations, refrigerators, freezers, on-site laundry, community fire pits, and boat charging facilities. The resort currently offers firewood, ice, and propane for additional income.
The property has the potential to expand the RV park or add additional camping or cabins in the future. Options for employee housing or on-site owner/manager’s quarters provide added flexibility for operations, making this a turnkey investment opportunity with significant upside potential. An adjacent Parcel C is available at an additional cost. Parcel C is 1.012 acres of owned, fee simple land.
Situated on Highway 55 and just 90 minutes from Boise, Idaho, the property benefits from year-round demand-driver activities like whitewater rafting, hiking, skiing, and fishing in the West Central Mountains.
OPTION: There is an option to purchase the adjacent self-storage, RV, and boat parking business at an additional cost. This business and the 1.276-acre fee simple parcel are not included in the Alpine Lodge & RV listing price. Acquiring this business may provide economies of scale and diversify income streams.
Building size is approximate and all information is obtained from sources deemed reliable but subject to buyer verification. All property tours must be arranged through the broker. DO NOT CONTACT PROPERTY OR EMPLOYEES!
Selling Broker co-op (if available) contingent upon receipt and CIP approval of Buyer Registration in advance of receipt of the marketing package, financials, and presentation of offers. No co-op without CIP approval of Buyer Registration. State law prohibits CIP from offering a Broker co-op to any Broker not licensed in the state where the listed property is located. Please call with questions regarding this requirement.
Documents:
| Title | ||
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| Offering Memorandum & Financials | ||
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Alpine_Lodge___RV_Brochure.pdf
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Location
Gallery