The Lazy River Mobile Retreat sits along the Snake River minutes north of the City of Payette with quick access to Highway 95 connecting you to Weiser in 10 minutes or the Boise International Airport in an hour. 5% Capitalization Rate coming from 25 fully rented pads provides immediate ROI, and its location and views could command premium monthly rates above the $395 average monthly rate presently charged. The flat tract sits above the Snake River and out of the flood zone, making this an ideal development opportunity. Zoned Commercial 2 (C-2) opens countless potential investment opportunities ranging from hotels, apartments and many other businesses that have a high volume of people or walk-in traffic. The property boasts over 1000+ft of Snake River frontage and 1000+ft of N. River Road frontage, maximizing enjoyment and use. 1957 priority date on the 8 acres of water rights is just another of the many benefits of this property for both current and future uses. Two of the manufactured homes are rent-to-own, with all the rest being lot leases only. The property's park-like setting is elevated out of the 100-year flood zone and features a small beach area for fishing and relaxation. Just south of that is a boat launch to extend your enjoyment of the river and a well-maintained 1+ acre park sits above the river giving the tenants picturesque sunsets over the Snake River. The domestic water system for the park needs to be upgraded with either a new well or a new filtration system. Southwestern Idaho is expanding at an incredible rate making this property an ideal investment for immediate returns with the potential to increase profits while having ample conversion opportunities due to location, zoning, and buildability.
Zoned Commercial 2 (C-2) in Payette County
25 mobile/RV spots, all presently rented
Multiple septic systems handle the park
Land is flat and elevated out of the flood zone.
Large 1+ acre park sits along the river with picnic tables, boat ramps and small beach
1000 ft of Snake River frontage
1000 ft of N. River Road Frontage allowing future development to avoid road costs connecting lots