Unique Multi-cabin resort / Destination Retreat & Private Estate

<p><strong>COSHOCTON COUNTY, OH</strong> - Tucked into the rolling countryside of Coshocton County, Ohio, River Glenn Estates is a 76-pad manufactured-housing community on 31.5 acres — the kind of established, public-utility community that rarely trades at this basis.​ Offered at $1,900,000, about $25,000 a pad, it is priced below its own 2022 MAI appraisal of $2,000,000.​ The community sits on municipal water and sewer with paved private roads throughout, so there are no wells or septic systems to manage.​ Most residents own their homes — 21 tenant-owned sites, plus 9 long-term RV sites and a handful of park-owned and rent-to-own homes — which keeps operations light while the community collects steady ground rent.​</p><p> </p><p>Just as important is where River Glenn sits relative to Ohio's fastest-moving economy.​ The community is roughly fifty minutes from Newark and a little over an hour from Columbus — Newark sits almost exactly halfway, about 47 miles from the property, with Columbus another 72 miles west.​ That places it on the rural edge of what officials now call the "Silicon Heartland.​" Newark and surrounding Licking County have become a magnet for hyperscale investment: the New Albany International Business Park spans roughly 12,000 acres and has drawn data-center campuses from Amazon Web Services, Microsoft, Google, Meta and others, while Intel's roughly $28 billion "Ohio One" semiconductor campus is under construction in the county, with its fabs slated to come online in the early 2030s.​ The jobs, payrolls and contractors gathering around Newark create exactly the kind of outward housing pressure that lands in affordable communities one county over — and River Glenn offers attainable workforce housing at a fraction of metro-Columbus cost.​</p><p> </p><p>What makes River Glenn compelling is what is still to come.​ Forty of its seventy-six pads are occupied today — nearly half the community already built and waiting, paved and connected.​ This isn't a bet on rising rents or a hot market; the upside is physically on the ground, in finished pads that simply need homes.​ Filling those vacant pads is the headline opportunity — each home placed at the going $375 lot rent adds lasting value, on sites that would cost six figures apiece to build from raw land.​ From there, sub-metering the water recaptures roughly $13,900 a year the park now absorbs, and bringing a handful of below-market lots up to standard adds another layer — all through ordinary, hands-on management, nothing speculative.​</p><p> </p><p>The price is supported from two directions at once.​ An independent appraisal already values the property above the ask, and the income tells the same story: once leased up, River Glenn pencils to a cap rate north of 11% on the asking price, with a stabilized value comfortably above today's basis.​ For the right operator there is room to structure the purchase — including seller financing — to step into tomorrow's value at today's price.​ In short, it is a chance to buy below replacement cost, below appraisal, and to own the upside outright.​</p>