PUBLISHED RESERVE: $1,100,0002019 PEND OREILLE COUNTY ASSESSED VALUE: $4,049,000SIZE: 14.5±Acres ZONING: RS (Resort District)PROPERTY INSPECTION: Please contact Auction Information Office 1-800-845-35 4 or info rmnw-auctions.com FINANCING: Sub ect to Seller approval of Purchaser s credit: 35 down payment, calling for monthly payments of interest only at 6 - all due and payable in yearsDESCRIPTION: Eagle Landing RV Park, located along Pend Oreille River, is possibly one of the largest bank-owned investment opportunities in Northeast Washington. It has strategic location along 280-mile International Selkirk Loop, North America s only multi-national scenic drive that connects Northeast Washington, British Columbia, and Northern Idaho. Nearly all the route is along rivers and lake shores. It was voted the West s best scenic drive by Sunset Maga ine. Eagle Landing is within a 75-minute drive of Spokane, Washington and I-90, with proximity to four-season recreation. It is located on the west shore of Pend Oreille River, and has direct access to over 55 miles of boatable waters. The 14.5± acre site has frontage along River Road, and excellent access to Highway 20, two miles northeast of the site. Kalispel Casino, operated by Kalispel Tribe of Indians, is nearby.The property was developed in 2009 for 150 deeded RV spaces with clubhouse and 38-slip marina. The original developer planned to market the spaces under condominium ownership, similar to Skookum Rendezvous RV Resort, located three miles north of Eagle Landing. Resale lots at Skookum Rendezvous RV Resort start at $59,000. Seller acquired 135 deeded RV spaces, clubhouse, marina, excess land, and 5.43± acres of common land in 2012. RV spaces range in size from 2,618 to 10,673 square feet, with the average lot being 3,901 square feet. Water, sewer and power serve each space, and large RVs and Fifth Wheels can be accommodated. There is a two story, 5,544 square foot clubhouse above grade, with spectacular views of Pend Oreille River Valley and Selkirk Mountains. Clubhouse main level is 3,496 square feet with large reception area, fireplace, full kitchen and restrooms. Lower level of ,048 square feet is unfinished but is configured to accommodate showers and additional guest services.
Bank-Owned Eagle Landing RV Park along Pend Oreille River near Casino, with 135 Deeded Spaces, Clubhouse, 38-Slip Marina and Excess Land - Cusick, Washington
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Clubhouse
MarinaRiver Road
CusickMonumental Way
To Hwy 20 andKalispel Casino
Additional 1.5 acres for development Not part of sale
South Baldy Mt.Cee Cee Ah Peak
FOR SUPPLEMENTAL INFORMATION, CALL 1-800-845-3524
The 38-slip marina is located across River Road. The marina has 10 x 30 foot docks, a 10 x 200 foot trunk dock, and aluminum ramp. There is a lease with Washington Department of Natural Resources that can be assigned to the new owner. Annual lease payment, with state taxes, is $3,471. Please see Supplemental Information Package for detail. 1.59± acres of excess land is located within the northwest corner of the property and could accommodate tiny homes, park models, additional RV spaces or facilities to support Eagle Landing. An estimated $600,000 to complete the RV park will be needed for paving and roadways, installment of power pedestals and RV pads, finishing lower level of clubhouse, and bringing sewer and water systems into compliance. Please see Supplemental Information Package for detail. Buyer to complete due diligence prior to submi ing a bid. Acquisition of Eagle Landing RV Park with 135 deeded spaces, clubhouse, 38-slip marina and excess land is a rare recreational development investment opportunity with pricing of less than $8,200 per space, and added incentive of special short-term seller financing. It provides the new owner with option to finish the development, and either sell the 135 deeded RV spaces or retain ownership and operate as a commercial RV park and resort. In addition, there could be added value with development of excess land. Sealed bid auction is being conducted in affiliation with Keenan Partners.LOCATION: 949 River Road, Cusick, Washington
SEALED BIDS DUE NO LATER THAN 5:00 PM, JULY 10, 2020
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Conceptual Sketch Plan
Tiny homes and a playground are outlined on 1.5 acres of excess land
Two-story, 5,400 square foot clubhouse has reception area, great room, full kitchen. Lower level is unfinished but configured for showers and additional guest services
River Road
KokaneeGlacier
ProvincialPark
IDAHOWASHINGTON
KaniksuNational Forest
Priest Lake
Lake Pend Oreille
CusickSandpointPonderay
Colburn
Naples
Bonners Ferry
Creston
Wynndel
Kuskonook
SelkirkMountains
Boswell
Kootenay Bay
Balfour
Nelson
Porto Rico
Ymir
Salmo
NelwayCANADA
USA
Metaline Falls
Ione
Jared
Blueslide
Porthill
31
6
3A
31
20
3A
195
2
2
Kootenay Lake
Selkirk Loop is North America’s only multi-national scenic drive, with nearly entire route along rivers and lake shores
2
2
211
Diamond Lake
CountryHomes
Newport
Spokane Coeur d’ AleneSpokaneValley
Post Falls
Pend Oreille River
395
395
Eagle Landing
Deer ParkClayton
Chewelah
Addy
Valley
20
ColivilleNational Forest
Tiger
Colville
Kettle Falls
Boyds
395
Please Note: Sketch plan is conceptual only. Neither Seller nor its agents have submitted plan or made application to a public agency
OR E-MAIL [email protected]
Concept Sketch Plan