{"id":3099,"date":"2024-10-03T15:37:10","date_gmt":"2024-10-03T15:37:10","guid":{"rendered":"http:\/\/rvparkiq.com\/industry-insights\/?p=3099"},"modified":"2024-11-27T13:49:48","modified_gmt":"2024-11-27T13:49:48","slug":"developer-plans-new-thunderbird-rv-park-on-sr-260-az","status":"publish","type":"post","link":"https:\/\/rvparkiq.com\/industry-insights\/developer-plans-new-thunderbird-rv-park-on-sr-260-az\/","title":{"rendered":"Developer Plans New Thunderbird RV Park on SR 260, AZ"},"content":{"rendered":"


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Recreational Investment Group LLP purchased nearly 16 acres at the northwest corner of State Route 260 and Dickison Circle for $1 million to build Thunderbird RV Ranch with 120 to 130 RV lots. The triangular site is located west of State Route 260, north of Trulieve Cannabis Corp.\u2019s marijuana farm and east of Prescott National Forest land. Map courtesy of Land Advisors Organization.<\/figcaption><\/figure><\/p>\n

Recreational Investment Group L L P announced that it had completed the purchase of nearly 16 acres at the northwest corner of Highway 260 and Dickison Circle for $1 million for a new recreational vehicle park. <\/span><\/span><\/span><\/p>\n

The company plans to develop the vacant land, which is currently zoned C-3 commercial, into the Thunderbird RV Ranch, which it anticipates will offer 120 to 130 lots marketed to middle-class travelers.<\/span><\/span><\/span><\/p>\n

\u201cThey have no intention of being a long-term stay RV park,\u201d Camp Verde Town Manager Miranda Fisher wrote in a recent email. \u201cThe town gets 6.65% [sales and] bed tax, which is a hefty tax benefit for the town.\u201d <\/span><\/span><\/span><\/p>\n

\u201c[We] started about a year and a half ago to acquire raw land and develop oriented RV parks for the most part catering to family, travelers, couples and remote workers,\u201d Recreational Investment Group partner Dari Mahboubi said. \u201cWe play in the space of parks in the size of anywhere from 100 to 200 pads throughout the Southwest and Midwest.\u201d <\/span><\/span><\/span><\/p>\n

The company is also developing parks in Payson and Cheyenne, Wyo. Mahboubi said that Thunderbird RV Ranch plans to charge $800 to $850 monthly, and lot lengths will range from 40 to 70 feet with a sizeable number of pull through sites.<\/span><\/span><\/span><\/p>\n

\u201cI think there\u2019s a lot of opportunity to build quality family-oriented parks with nice amenities in the $600-, $800-amonth space,\u201d Mahboubi said. \u201cThat\u2019s what we\u2019re looking to do, somewhere in the middle. We certainly don\u2019t want to build a mobile home park, and we don\u2019t want to build a park that is too unaffordable for the average family of travelers.\u201d<\/span><\/span><\/span><\/p>\n

The project is expected to create about eight jobs and is awaiting utility permits from the town of Camp Verde. Mahboubi said he expects construction to begin by the end of the year or early January and to last around 12 months.<\/span><\/span><\/span><\/p>\n

\u201cWe should have a fitness center, washing facilities and vending machines, a general store with some goods for sale, a clubhouse that, in total, has about 2,100 square feet that will have an outdoor area abutting it, with some outdoor kitchens, dog park,\u201d Mahboubi said. <\/span><\/span><\/span><\/p>\n

The Camp Verde Town Council unanimously approved the project\u2019s use permit on Nov. 1 after the Planning and Zoning Commission split 4-3 on the project. The park will be using town water, and commissioners expressed concern over \u201cwater conservation for the landscaping,\u201d according to the council agenda. <\/span><\/span><\/span><\/p>\n

The project is located in Camp Verde \u2019s \u201cOpportunity Zone,\u201d which was approved by the state and federal governments in 2018 and allows real estate investors holding an investment in a low-income area targeted for development for at least five years to obtain a capital gains tax deduction on the initial investment. If the investment is held for a decade or more, investors can also avoid paying capital gains on the profits generated from the investment. <\/span><\/span><\/span><\/p>\n

\u201cWe are excited about this investment in the opportunity zone, especially on a parcel that has topographical challenges,\u201d Fisher said. \u201cIt was noted by [planner] Coy Mulcaire \u2026 that \u2018there is a large wash that runs through the parcel,\u2019 so they\u2019re working with their engineer to have a good crossing for that. Additionally, they\u2019re working with [the Arizona Department of Transportation] for a right \u2013 in , right \u2013 out. They have met with the tree group to work on landscaping.\u201d \u201cWe were aware that it\u2019s in an opportunity zone and it\u2019s a nice bonus,\u201d Mahboubi said. \u201cBut I think if it weren\u2019t there, we probably would have done the project anyway, because we see the demand in that area so high.\u201d<\/span><\/span><\/span><\/p>\n

Source<\/span><\/span><\/span><\/strong><\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Recreational Investment Group L L P announced that it had completed the purchase of nearly 16 acres at the northwest corner of Highway 260 and Dickison Circle for $1 million for a new recreational vehicle park. The company plans to develop the vacant land, which is currently zoned C-3 commercial, into the Thunderbird RV Ranch, which it anticipates will offer 120 to 130 lots marketed to middle-class travelers. \u201cThey have no intention of being a long-term stay RV park,\u201d Camp Verde Town Manager Miranda Fisher wrote in a recent email.…<\/p>\n","protected":false},"author":8,"featured_media":3100,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[23],"tags":[],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/posts\/3099"}],"collection":[{"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/comments?post=3099"}],"version-history":[{"count":1,"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/posts\/3099\/revisions"}],"predecessor-version":[{"id":3101,"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/posts\/3099\/revisions\/3101"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/media\/3100"}],"wp:attachment":[{"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/media?parent=3099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/categories?post=3099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rvparkiq.com\/industry-insights\/wp-json\/wp\/v2\/tags?post=3099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}