Mansfield RV Campground

Cross Hill, South Carolina

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Building

Stats

  • Property Type Land - Other, Special Purpose - Other
  • Size (Ac) 56
  • Price $6,500,000

Overview

Mansfield Park is the largest RV Campground on Lake Greenwood. This well-established RV park has enjoyed high occupancy for many years as most of the residents are long-term tenants. Mansfield Park draws residents from Columbia, Greenville, and Spartanburg as well as other major metro areas across the southeastern United States.

Mansfield offers its residents numerous amenities including a country store (open on weekends), four (4) well-located public bathrooms, multiple party pavilions with grills and fire pits, a basketball court as well as a playground area for children. Additionally, almost the entirety of the park is bordered by attractive split rail fencing giving the park a relaxed and exclusive feel. There is significant revenue growth potential from the following: RV Pad rents – increase rate to the market (immediate 15% upside) charge a premium for waterfront and water view pad sites; Boat slip rents 20 to 30% (demand far exceeds supply); Addition of up to 20 pad sites on existing land; Boat & Jet ski storage (currently no charge); High speed internet & cable service It’s important to note that Laurens County has placed restrictions on the development of new RV parks. This creates a high barrier to entry for additional trailer pads or boat slips on Lake Greenwood.

Highlights

Mansfield RV Campground, which sits on 49 prime acres, is the premier rental community on Lake Greenwood (SC). Mansfield provides direct lake access to all tenants in the park.

Mansfield comprises over 30% of all RV lots on Lake Greenwood.

Mansfield has 47 boat slips and over 260 linear feet of frontage on Lake Greenwood.

The 150 lots at Mansfield consistently runs at 96-100% occupancy and a waiting list is common.

Most of the residents are long-term tenants, and some as long as 8-10 years.
Many tenants have invested significant capital in their lots in order to enjoy adjacent outdoor space and in a few cases have built on to their trailers.

Expansion capacity exists to expand park by an additional 20 units.

Additional Revenue opportunities include boat storage (currently no charge) and high-speed broadband service.

Lot rents are estimated to be approximately 20% below market.

Additional 10 acres available for future park expansion.

Location Map

Team

Rob Howell

Principal, Development & Investment Services
Avison Young - US - SC - Greenville
14044933904

Gary Lyons, CCIM SIOR

Principal | Capital Markets
Avison Young - US - SC - Greenville
+1 864 535 5142
+1 919 323 0118

Reeves Willis

Senior Associate, Industrial Services
Avison Young - US - SC - Greenville

Downloads

1002 Pittmans Landing Drive_Mansfield Park Flyer.pdf

1002 Pittmans Landing Drive_Mansfield Park OM.pdf

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