Covered Wagon Saloon & RV Park
Irwin, ID
Asking price
$3,300,000
Sites
32
Cap rate
—
Price / site
$103,125
About this property
Opportunity strikes with this exceptional 20.08-acre property consisting of three separately deeded parcels (12.782, 2.204, and 5.097 acres) in the heart of Swan Valley, Idaho, nestled in the foothills of Mount Baldy and just a stone's throw from the South Fork of the Snake River. The property features the Covered Wagon Saloon, a historic local watering hole established in 1955, complete with a full liquor license and a loyal customer base. Also included is immediate income potential from a newly refurbished 32-stall full-hookup RV park, featuring 9 premium pull-through sites designed to accommodate larger luxury rigs. This turnkey property allows a new owner to step in and continue operations with minimal transition. With flexible Commercial/Industrial zoning & excellent highway frontage the property offers outstanding potential for expansion and future commercial, retail, or residential development. A small cabin structure on the property could easily be converted into employee housing, owner's quarters, or an RV park office. Surrounded by world-class recreation, the property is minutes from Palisades Reservoir and abundant public land access for fishing, boating, hiking, and hunting. Conveniently located less than an hour from Jackson Hole, Wyoming, and Idaho Falls, Idaho, the property sits in the center of one of the region's most desirable recreation corridors. This is a rare opportunity to own a turnkey, income-producing property while enjoying the lifestyle and natural beauty that make Swan Valley one of the West's most desirable outdoor destinations.
All details
Figures are transcribed from the source listing as published. “Source page last checked” is when our crawler last fetched that page — it is not a check of the financials and not confirmation from the broker.
| Asking price | $3,300,000 |
|---|---|
| Sites | 32 |
| Price per site | $103,125 |
| Year built | 1955 |
| Address | 3449 Swan Valley Highway |
| First seen by UnitListed | Sep 6, 2026 |
| Source page last checked | Oct 24, 2026 |
Before you call the broker
7 things are not disclosed on this listing. These are the questions that would close the gap — specific to a park, not a generic list.
Net operating income — not disclosed
What is the trailing twelve-month NOI, and what does it include and exclude?
The single number a lender will size debt against. Ask what is excluded — management fees and reserves are the usual omissions.
What period the financials cover — not disclosed
Are these figures trailing twelve months, last calendar year, or projected?
A projected stabilised NOI and a current operating NOI can differ by a third, and both get called "NOI".
Gross income and operating expenses — not disclosed
Can you share a trailing twelve-month profit and loss, with the expense lines itemised?
NOI alone hides whether income is high or expenses are being under-reported. The split is what you underwrite.
Reason for sale — not disclosed
Why is the owner selling, and how long have they held it?
Never published on a listing, always worth knowing. Retirement and a looming capital bill are very different situations.
Operating season and seasonal mix — not disclosed
Is this year-round or seasonal, and what is the split between seasonal, monthly and transient guests?
A seasonal park with a five-month window is a different business from a year-round one at the same annual revenue.
Utility infrastructure — not disclosed
Are water, sewer and electric municipal or private, and what condition is the infrastructure in?
A private septic or well at end of life is a capital item that can exceed a year of NOI, and it will not appear in the expenses.
Permits and non-conforming use — not disclosed
Is the current site count permitted, and is any of it legal non-conforming?
A park operating more sites than it is permitted for cannot be financed at the income it shows.
Asking price — disclosed
Currency of the asking price — disclosed
Site count and hookup mix — disclosed
Whether the land is included — disclosed
What has changed
Every date below is when we observed a change, not when it happened. We first saw this listing on Sep 6, 2026; that is not the same as when it came to market, and we have no way to know the latter.
- Sep 6, 2026First seen by UnitListed
The asking price has not changed across any of our observations.
