509 W Main St - Hospitality FOR SALE


Wilburton, OK 74578
$399,000 USD
918-398-2824
509 W Main St, Wilburton, OK for Sale
$399,000 USD
Hospitality - FOR SALE
1/20
null | Request Cap Rate

509 W Main St
Wilburton, OK 74578


HIGHLIGHTS

  • Prime high-way frontage with built-in demand drivers
  • Mixed use income stream: motel + retail
  • Large 2-acre site with low site coverage (future upside)
  • Well-maintained condition = value-add without heavy capex
  • Undersupplied lodging market with limited competition

OVERVIEW

McGraw Commercial Properties presents an opportunity to purchase a positive cash-flow motel with additional income from a small retail property in a market that's stable but has consistent demand given that Wilburton is a small, underserved hospitality market with very limited motel inventory. For an investor, that means: • Low competition for budget travelers • Consistent baseline occupancy from workforce, state agencies, and regional visitors • Opportunity to capture demand without needing to be a premium product Tourism Anchors: Robbers Cave State Park Wilburton is the gateway to Robbers Cave State Park, one of Oklahoma’s most visited outdoor destinations. The park draws: • Hikers • Hunters • Horseback riders • Families • Fall festival visitors Strong Workforce-Driven Demand Wilburton and Latimer County have a high concentration of: • Energy workers • Truck drivers • Seasonal labor • Traveling contractors The job listings in the area show a heavy presence of transportation and delivery roles, which correlates with steady demand for affordable motels. Three-Tenant Retail Space = Additional Income Stability The retail units create: • Diversified income streams • Reduced reliance on nightly occupancy • Higher cap rate appeal Value-Add Upside Without Heavy Capital Because the property is already income-producing, a buyer can: • Improve signage and online presence • Add digital booking channels • Increase ADR modestly • Re-tenant or reposition the retail units In rural Oklahoma, even small improvements can materially increase NOI. With an executed NDA, financials and additional property data is available. Please do not disturb the on-site manager. Call to schedule a tour. Additional property details in Property Description.

FOR SALE DETAILS

PRICE

$399,000 USD

PRICE/SF

$43 USD /SF

# OF ROOMS

27

PRICE/ROOM

$14,778 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

A OK Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1983

PARKING SPACES

41

LAND DETAILS

LAND ACRES

2.04 AC

LAND SF

88,862 SF

ZONING

Commercial

APN/PARCEL ID

1010-00-000-084-0-005-00

ASK ABOUT THIS PROPERTY

Julie Buxton, CCIMMCP / McGraw Commercial PropertiesMore Info
918-398-2824

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Julie Buxton, CCIMMCP / McGraw Commercial PropertiesMore Info
918-398-2824

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