24711 State Highway OK-58 Rd - Specialty FOR SALE


Lawton, OK 73507
$2,600,000 USD
580-357-2727
24711 State Highway OK-58 Rd, Lawton, OK for Sale
$2,600,000 USD
Specialty - FOR SALE
1/24
null | 5.72% Cap Rate

24711 State Highway OK-58 Rd
Lawton, OK 73507


OVERVIEW

The Granite Pointe RV Park at Lake Lawtonka presents a rare and exciting investment opportunity. Discover an exceptional turn-key business with this meticulously maintained 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 concrete roads and pads, providing a durable and low-maintenance infrastructure. Property includes 68 pad sites, 4 pads just newly completed, 600 sf Airbnb, a 2360 sf clubhouse and a swimming pool. Robust gross average income of $280,600 and average net income of $148,805 delivering a 5.7% CAP rate, this property ensures substantial return. With the addition of the four new pads and advertising the Airbnb as a long term rental for $1,400 monthly all bills paid. The change to long term rental and additional pads generates an additional $43,300 of yearly gross income. which will increase the CAP rate. 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. Most guests are long-term residents on month-to-month leases, contributing to stable occupancy and consistent revenue generation. Property also has room to increase in the monthly revenue with average long term trailer space rental in Comanche County $460 so growth potential is likely. Contact Chuck at Cummins-Setters Commercial Partners.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$798 USD /SF

CAP RATE

5.72%

% 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

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

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

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