Contact Information
Jake McClure
License: 177330
RV Park/Campground Details
- Price: $1,300,000
- Purchase Method: Cash, New Loan
- Cap Rate: 14.9%
- Listing ID: 6772804
- Posted On: Nov 19, 2024
- Updated On: Nov 19, 2024
Description
PONCA CITY RV PARK Welcome to Ponca City RV Park, a beautifully maintained owner-operator RV park in Ponca City, Oklahoma. Located at 1017 N Waverly Street, this park offers an excellent opportunity for investors and entrepreneurs looking to capitalize on the growing demand for RV travel and long-term stay options. Situated on 15.53 acres of land, Ponca City RV Park features 34 total units, including oversized concrete pads, large pull-through pads, super spaces with a shared covered Gazebo, and a small apartment. All units are individually metered for electricity, ensuring convenience and efficiency for both guests and the park management. With an average occupancy rate of 73%+ for 2021 & 2022 and a current net operating income (NOI) of $95,444,855, the park provides a solid foundation for a profitable investment. Additionally, there is ample potential for expansion and the development of additional revenue streams, offering a promising opportunity to maximize returns. In addition to its attractive financials, Ponca City RV Park benefits from its prime location in Kay County. The surrounding area boasts a growing population with a median household income of $41,552 (within a 1-mile radius) and ample amenities nearby. Don't miss the chance to own and operate Ponca City RV Park. Invest in the thriving RV industry and seize the opportunity with Ponca City RV Park- your passport to success in the lucrative world of RV park ownership.
The Seller is not interested in any kind of Seller Financing terms.
Location
11 Pull Through Concrete Pads
4 Super Spaces with shared Gazebo
1 Studio apartment
Clubhouse with 2 Offices
Coin Operated Laundry and 2 Showers
Gross Income of $160K plus for 2023
Separate RV Entrance
Community Pavilion
Dog Park
Ample Parking
Near City Municipal Center (GYM)
Average occupancy of 73%+ for 2021 & 2022
Room for park expansion
Great reputation and history of excellent customer service
4.4 stars on Google Reviews
Amenities
- Laundromat
- Club House
- Manager Office
- Bathhouse
- Store
- Wifi
Park Information
Number of RV Lots: | 34 |
Year Built: | 2016 |
Average RV Lot Rent: | $650 |
Size: | 15.5 acre(s) |
Financial Information (Pro Forma)
Gross Income: | $277,200 |
Operating Expense: | $83,160 |
Net Operating Income: | $194,040 |
Expense Ratio: | 30.0 % |
Utility Information
Water: | City |
Sewer: | City |