24711 State Highway OK-58 Rd - Specialty FOR SALE


Lawton, OK 73507
$2,950,000 USD
580-357-2727
24711 State Highway OK-58 Rd, Lawton, OK for Sale
$2,950,000 USD
Specialty - FOR SALE
1/24
null | 6.3% Cap Rate

24711 State Highway OK-58 Rd
Lawton, OK 73507


OVERVIEW

Granite Point RV park. Nestled across from the majestic Mt. Scott and less than 300 yards to the waters of Lake Lawtonka. This remarkable 7.67-acre property, open year-round, boasts hard surfaced road and pads, providing a durable and low-maintenance infrastructure. Property includes 64 pad sites, 4 over-flow sites, 600 sf Airbnb, a 2360 sf clubhouse and a swimming pool. Robust gross income of $280,600 and net income of $185,116 delivering a 6.3% CAP rate, this property ensures substantial return. The park operates on an aerobic septic system and each site is individually metered for electricity. Guests are billed through the park with a meter reading fee, enhancing operational efficiency. Additionally, the park offers convenient on-site washers and dryers. 100% of the guests are long-term residents on year leases, contributing to stable occupancy and consistent revenue generation. Property also has room to increase in the monthly revenue and Sellers have notified tenants that rent will be increasing to $400 in next lease cycle which will generate $38,499 in additional gross income. Contact Chuck at Cummins-Setters Commercial Partners. Request an NDA for property.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$905 USD /SF

CAP RATE

6.3%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.67 AC

LAND SF

334,105 SF

ZONING

-

APN/PARCEL ID

0013978

ASK ABOUT THIS PROPERTY

Chuck WebberCummins Setters Commercial Partners LLCMore Info
580-357-2727

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Chuck WebberCummins Setters Commercial Partners LLCMore Info
580-357-2727

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