23400 N Luther Rd - Specialty FOR SALE


Oklahoma City, OK 73131- Northeast Oklahoma City
$4,500,000 USD
918-771-9675
23400 N Luther Rd, Oklahoma City, OK for Sale
$4,500,000 USD
Specialty - FOR SALE
1/53
null | Request Cap Rate

23400 N Luther Rd
Oklahoma City, OK 73131
Northeast Oklahoma City


HIGHLIGHTS

  • Stabilized cash-flowing asset: 70 deeded acres with buildings, FF&E, brand, digital assets, and over 100 contracted events included.
  • Financial snapshot: Average gross revenue $550K to $75K per year with ~$5,500 average revenue per event.
  • Top-tier reputation: 4.8-star Google rating; based on verified event volume, ranked in the top 5% of US wedding venues. Forward bookings: ~10 new
  • Passive-ownership ready: One FT venue manager plus five part-time subcontractors (maintenance, security, day-of staff) and fully automated workflows.
  • Immediate upside: Add lodging, expand ceremony sites, introduce retreats or seasonal experiences, or fold into an existing hospitality portfolio.
  • Turnkey business opportunity with over 90 bookings already in place.

OVERVIEW

Esperanza Ranch is a destination venue on 70 manicured acres just 31 miles east of Oklahoma City. A gated entrance leads guests past a custom waterfall and stocked pond to the centerpiece: a hand-hewn 19th-century barn renovated with modern finishes, separate buildings for bride and groom suites, a catering prep kitchen, and climate control. The opportunity includes a thriving, turnkey business with over 90 events already on the books. GROUNDS & STRUCTURES • Multiple outdoor ceremony locations with panoramic sunset views • Freestanding restroom facility, equipment shed, and paved vendor/service access • Zoning/SUP: Fully approved special use permit (no expiration, transferable) • Deferred maintenance is minimal; roofs, HVAC, and interiors updated within the last five years. FF&E & SITE EQUIPMENT • Furniture: 300 white garden chairs, 250 walnut chairs, 30+ banquet and farmhouse tables • Technology: BluespeedAV-installed, state-of-the-art AV system, Lutron lighting control, FX landscape lighting, and a fiber-backbone network interconnecting all buildings — see more at bluespeedav.com • Site vehicles & tools: two golf carts, one UTV, complete landscape equipment package OPERATIONS • Staffing: one full-time venue manager; five subcontractors covering maintenance, security, cleaning & day-of coordination • Software stack: Planning Pod for event management; HighLevel CRM custom-built for lead management with fully developed automated workflows • Lead flow: Google & social ads + top wedding listing sites generate 20–30 venue tours per month; conversion averages ~10 new bookings/month • Average event size: 150 to 200 guests; mix of weddings, corporate retreats, private events • Vendors: Established preferred-vendor network transfers with the sale • Transition: Current owners open to a structured transition plan GROWTH OPPORTUNITIES • Guest lodging – develop bridal cottages, glamping units, or boutique cabins • Additional ceremony/reception sites – ample acreage for expansion • Seasonal income streams – retreats, workshops, holiday events • Long-term hold – capture land appreciation while cash flow offsets carry LOCATION • 3.2 miles to historic Route 66 • 5 miles to I-44/Turner Turnpike • 31 miles to Downtown Oklahoma City (700,000 population; over 7,700 weddings per year) Demand trend: city brides seeking authentic rural venues creates a stable booking pipeline OFFERING TERMS • Sale includes: 70 acres, all buildings, FF&E, digital assets, brand, forward contracts • Structure: Asset sale • Financials & site tours: NDA required • New owner must honor existing bookings and continue venue operations

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$364 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Esperanza Ranch

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

70 AC

LAND SF

3,049,200 SF

ZONING

C

APN/PARCEL ID

168641665

ASK ABOUT THIS PROPERTY

Ryan SullivanRyan SullivanMore Info
918-771-9675

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Ryan SullivanRyan SullivanMore Info
918-771-9675

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.