Kingsley Dam Resort
 
1510 NE-61, Ogallala, NE 69153
$2,500,000
Price
8.74%
Cap Rate
 
 
5.89
GRM
 
 
 
 

Investment Overview and Revenue Stream Analysis
  • Welcome to an exceptional investment opportunity where luxury meets profitability: a premier resort-style lakeside property designed to maximize multiple revenue streams. Offering multiple revenue streams and a location that ensures both charm and growth potential, this property is not just an investment; it’s a gateway to a lucrative future. This expansive property boasts a well-established operation that includes a lakeside store, cabins for rent, an RV park, and a manufactured housing community. Perfectly positioned for both relaxation and investment, this property offers endless possibilities.
Manufactured Housing Community
  • Manufactured Housing Community- The property currently boasts a 15-lot manufactured housing community, offering a steady income and immediate value. With annual lot leasing priced as low as $2,500, this property presents guaranteed potential for increased revenue by raising rental rates. Additionally, there is significant potential for future growth with ample opportunity for expansion.
Cabins
  • Cabins- The property includes 11 cabin rentals, consisting of 5 duplex cabins and 1 single unit. The cabins have recently undergone interior renovations, with exterior updates currently underway. Available for both nightly and long-term stays, rental rates begin at an average of $165 per night.
RV Sites
  • RV Sites- The property currently features 11 RV sites. Six of these sites have been recently developed and feature modern infrastructure, minimizing future investment needs for new ownership. Additionally, expansion is already underway, enhancing the potential for increased value and future growth. 5 RV sites featuring full hookups including septic. Available for both nightly and long-term stays, rental rates are currently $99 nightly. 6 RV sites featuring full hookups, with the exception of septic. Available for both nightly and long-term stays, rental rates are $39 nightly. RV sites at Kingsley Dam Resort offer guaranteed upside, with no additional work needed. Expansion in progress, contact broker for further information.
Cliff Suites
  • Situated overlooking Lake Mac, this updated duplex unit offers lakeside serenity without sacrificing comfort and convenience! The property features a large outdoor deck and patio area offering the perfect place to enjoy an early morning coffee, relax the day away, or spend an evening captivated by the sun set over Nebraska's largest Lake. This lakeside duplex has undergone recent interior renovations and offers nightly or long-term rental options. Rental rates range from $199 to $229 nightly.
Lakeside Store
  • This well-established convenience store with payroll and staff already in place, is strategically located at the southeast corner of the lake, just south of the spillway and only minutes from the boat ramp. This shop offers a comprehensive selection of boating equipment, live bait, and general camping and recreational gear, making it a go-to destination for tourists and locals alike. The store's inventory is meticulously curated to meet the needs of boating enthusiasts, campers, and fishermen, while boasting the lowest prices on the lake ensuring steady foot traffic and repeat business.
Additional Development
  • The ongoing construction of 6 additional RV sites is set to boost future revenue and enhance the area's appeal as a tourist destination. Future expansion of the manufactured housing community is being pursued to significantly boost capital while preserving the serene, natural ambiance of the lakeside property. Approval has been granted for the construction of a 12-by-26-foot laundry room, featuring open storage for recreational vehicles and a fish cleaning station. Contact Broker for further details.
Kingsley Dam Resort Location Details
  • Nestled in the heart of a picturesque landscape along the tranquil shores of Lake McConaughy, this exceptional lakeside property presents a rare and unparalleled investment opportunity. Kingsley Dam Resort is located within Lake McConaughy State Recreation Area, a prime spot for tourism. Known to many Nebraskans and residents of neighboring states, Lake McConaughy—often referred to as Lake Mac—offers a variety of outdoor recreational activities. Its white sand beaches and crystal-clear waters attract campers, boaters, swimmers, water skiers, picnickers, scuba divers, hunters, anglers, and anyone looking for outdoor adventure. Covering 30,000 surface acres, Lake Mac is Nebraska’s largest reservoir, and its dam ranks among the largest of its type in the world. Lake Mac is a popular destination for tourists from within Nebraska and beyond. Angling is especially prominent, with the lake being home to several state-record catches.
Toursim
  • With approximately 1.3 million visitors annually, the lake stands as a major tourist attraction, drawing crowds with its diverse array of recreational opportunities and natural beauty. Its expansive, pristine waters offer the perfect setting for water based recreation activities, while its scenic surroundings provide ideal conditions for camping, hiking, and picnicking. Kingsley Dam Resorts facilities, coupled with the picturesque landscape make it a favored destination for families, adventure seekers, and nature enthusiasts alike. Its reputation for high-quality outdoor experiences and the promise of memorable moments contribute to its impressive annual visitor numbers.
Disclaimer
  • The resort is located on Nebraska Game and Parks Commission land. - Contact Broker for additional details.
FOR MORE DETAILS CONTACT
Jason Bergan
Broker
(563) 880-9679
jbergan@c21sre.com
Drew Vlazny
Broker
(563) 880-6200
drew@c21sre.com
Lic: 71703