RV Park/Campground Details

Purchase Method: Cash, Seller Financing, New Loan
Cap Rate: 7.7%
Listing ID: 1714809
Posted On: Jul 18, 2022
Updated On: Nov 15, 2022

Description

This 53 Unit (after recent expansion) RV park just a few minutes from I-35 and Airline Rd that has a Loves Truck Stop and a small Casino. This Cash Flow opportunity features 53 Hookups on Rural Water, Laundry Building, Office with Bathrooms and Public Showers with a Dog Park and Children's playground on a well cared for, freshly graveled yearly grounds. Well lit with almost 11 acres and the ability to expand further. 3 RVs owned by park currently rented, fantastic manager in place. In an Opportunity Zone.

Location

This property is located only a few minutes from Interstate 35 on Airline Road in Pauls Valley. I-35 is the major highway between Dallas, Texas and Oklahoma City, Oklahoma. Traffic counts on Airline Road are 3,600+/day and traffic counts on I-35 are 30,000+/day. Located near many amenities including Pauls Valley Golf Course, Pauls Valley Municipal Airport, Love's Travel Stop, and Jet Stream Casino. Agricultural is the primary economic activity in the Pauls Valley area. Corn, wheat, hay, and cotton have been grown successfully in the region, and cattle production is a major activity. Petroleum industry services is the second largest activity in the region. The nearby Golden Trend oil and gas field is still one of the major producing fields in Oklahoma. In more recent years, the town has attracted some light manufacturing plants such as plastics products.