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 is situated directly across from the scenic Mt. Scott and is located less than 300 yards from Lake Lawtonka. This exceptional 7.67-acre property operates year-round and features hard-surfaced roads and pads, ensuring durable and low-maintenance infrastructure. The property comprises 64 pad sites, 4 overflow sites, a 600-square-foot Airbnb unit, a 2,360-square-foot clubhouse, and a swimming pool. The park reports a robust gross income of $280,600 and a net income of $185,116, yielding a 6.3% CAP rate and providing a substantial return on investment. It utilizes an aerobic septic system, with each site individually metered for electricity; guests are billed through the park and subject to a meter reading fee, which enhances operational efficiency. Additional amenities include on-site washers and dryers. Currently, all guests are long-term residents holding annual leases, which contributes to stable occupancy rates and consistent revenue. There is potential for increased monthly revenue, as tenants have been notified of an upcoming rent increase to $400 in the next leasing cycle. This adjustment is projected to generate an additional $38,499 in gross income. For further information or to request a non-disclosure agreement (NDA), please contact Chuck at Cummins-Setters Commercial Partners.

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.