214-202-2347
, Mead, OK for Sale
FOR SALE
1/17
null | Request Cap Rate

Excellent 22-Door Investment Package
Mead, OK


HIGHLIGHTS

  • Diverse lodging mix with 6 cabins, extended-stay motel, 3 tiny homes, and 2 mobile homes for multiple and stable income streams plus growth potential
  • Strategically placed between Durant and Kingston, less than 1/4 mile off US 70 near upcoming Roosevelt Bridge improvements for enhanced connectivity.
  • Less than 3 miles from upcoming Billion dollar Point vista development in Kingston and 1/2 mile from 127 million Roosevelt Bridge construction
  • Minutes from Johnson Creek State Park, Lake Texoma which attracts 6 million visitors annually for Tourism and Fishing Tournaments
  • Less than 3 miles from West Bay Casino and 10 minutes from very popular Choctaw Casino & Resort in Durant (1.2 million annual visitors)
  • Proximity to Texas Border, Sherman TI Corridor and $6B Preston Harbor (Margaritaville Resort)

OVERVIEW

This Property is situated on approximately 7 plus or minus acres at the edge of Lake Texoma! Strategic location of this property makes it a highly desirable destination year-round. The property caters to family vacations, fishing and golf tournaments, reunions, casino events as also construction workers in need of short-term lodging, all of which is consistently generating strong rental demand. The business has been successfully operating since 2014. The current owner bought this property in 2021, and added Extended stay, Tiny homes, and induction cooktops to all cabins along with many other enhancements to existing units. Now it is ready for a new entrepreneur that is ready to level up! Utilities :OG&E electric, Bryan County water, an aerobic septic system, & owned-cellular tower PROPERTY MIX: 6 Cabins (various sizes) 10-unit extended-stay Motel (built in 2021) Laundromat (2 washers, 2 Dryers - expandable to 3) 3 mobile homes, different sizes 3 tiny homes (built in 2024) Free standing Garage; perfect for vehicles, ATV, supplies & equipment for operations! CURRENT OPERATIONS INCLUDE: • Consistent demand from construction crews & contract workers • Daily, Weekly and monthly stays provide stable baseline income • Simple, low-turnover, low expense management model VALUE-ADD OPPORTUNITY: • Transition units to short-term vacation rentals • Capture demand from Lake Texoma visitors • Benefit from Hard Rock Casino (coming soon) & Choctaw Casino traffic • Increase nightly rates and seasonal revenue • Hybrid model: STR + extended stay IDEAL BUYER : • STR investors seeking upside • Workforce housing operators • Hospitality investors • Owner-operators Vacant land offers excellent expansion potential—perfect for adding an RV Park, more or rental units or another extended stay. Upcoming Lake Texoma incredible developments! Pointe Vista located at Lake Texoma-A large Hard Rock Hotel, Residences Lake Texoma (2000 homes) project is planned for Kingston, OK, as part of the massive 2700-acre Pointe Vista development on Lake Texoma. This 19-mile-long shoreline will feature a hotel, convention center, waterpark, casino, golf and more!

ASK ABOUT THIS PROPERTY

Kim DelagarzaKeller Williams AdvantageMore Info
214-202-2347

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

Kim DelagarzaKeller Williams AdvantageMore Info
214-202-2347

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