3171 W North Ave - Specialty FOR SALE


Ponca City, OK 74601
$650,000 USD
405-408-4329
3171 W North Ave, Ponca City, OK for Sale
$650,000 USD
Specialty - FOR SALE
1/6
null | 10.01% Cap Rate

3171 W North Ave
Ponca City, OK 74601


HIGHLIGHTS

  • Significant lease-up potential with current occupancy at approximately 19%, supporting substantial revenue growth.
  • Acquisition pricing well below replacement cost at roughly $15,476 per site, with infrastructure and utilities already in place.
  • Opportunity to introduce new ancillary revenue streams such as laundry, RV storage, and propane sales to increase income.
  • Strategic location along US-77 and US-60 with strong connectivity to Wichita, Kansas, and Oklahoma City.
  • Positioned in Ponca City, an energy and industrial hub anchored by the Phillips 66 Refinery, generating demand for workforce lodging.
  • Expansion potential on 6.32 acres, allowing for phased development of additional RV sites to enhance future rental capacity.

OVERVIEW

This offering represents a unique opportunity to acquire an RV park in Ponca City, Oklahoma, at a compelling basis well below replacement cost. Priced at approximately $15,476 per site, this property allows investors to avoid the significant capital and permitting requirements associated with new development while entering the market with established infrastructure in place. Current occupancy stands near 19%, creating meaningful upside potential through improved management, marketing, and operational enhancements. Revenue growth opportunities extend beyond occupancy stabilization. Current monthly site rents of $375 plus electric position the park for incremental rent increases over time. Existing infrastructure—including municipal water and electric service, individual electric metering, wastewater lagoon system, and free municipal Wi-Fi—supports streamlined operations and reduces expense exposure. Additional acreage provides room for phased expansion, enabling investors to maximize site count and long-term revenue potential. Moreover, the property can capitalize on Ponca City’s connectivity at the junction of US-77 and US-60, facilitating consistent RV travel and workforce housing demand. The city serves as Kay County’s economic hub, anchored by Phillips 66’s major refinery, local manufacturing, and agricultural sectors—all key drivers of temporary housing needs. Coupled with tourism, cultural attractions, and proximity to Kaw Lake, this asset is positioned to capture both leisure and extended-stay demand. Operational improvements and ancillary income opportunities such as laundry, storage, and premium sites further enhance the investment proposition.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$463 USD /SF

CAP RATE

10.01%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Primeaux Family RV Park

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

-

APN/PARCEL ID

7560-00-002-008-0-000-00

ASK ABOUT THIS PROPERTY

Levi HornerHorner McClure & AssociatesMore Info
405-408-4329

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

Levi HornerHorner McClure & AssociatesMore Info
405-408-4329

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