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    11962 Us-62 Elgin, OK 73538

    For Sale
    $350,000

    1.17-acre RV park with 14 lots, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1.17-acre commercial property, located at 11962 US-62 in Elgin, Oklahoma (Comanche County, zip code 73538), presents a lucrative investment opportunity. Currently operating as an RV park, the land boasts a strategic location at the intersection of Highway 62 and Highway 277, ensuring high visibility and accessibility. The park features fourteen lots, seven of which are equipped with water, electric, and sewer cleanouts, while the remaining seven offer water and electric hookups. All fourteen lots provide both 30-amp and 50-amp electrical service. A convenient on-site dump station adds to the property's appeal. Situated outside city limits, this property benefits from its proximity to Lake Ellsworth, a popular recreational area attracting significant tourism. Nearby businesses include a gas station, church, and bait shop, further enhancing the area's commercial activity. The asking price is $350,000, with a land value of $9.79 per square foot. This property is zoned for residential, commercial, and industrial uses, offering considerable flexibility for future development or continued operation as an RV park. The property's high traffic location and existing infrastructure make it an ideal investment for those seeking a strong return on investment in a thriving area.

    Property Features for 11962 Us-62

    General Information

    Property type
    Land
    Lot Size
    50,965 SF

    HighLights

    • Investment property in Elgin, OK, offering high ROI.
    • On‑site dump station.
    • 14 RV lots with 30 & 50 amp electric service; 7 lots have water, electric, and sewer.
    • Minutes from Lake Ellsworth.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Elgin
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.3873009
    Latitude
    34.7811487

    Nearby Similar for Sale

    • $2,000,000
      2,542 SF

      Operating Gas Station with Drive-Thru

      Fully operational gas station with drive-thru, beer cave, and kitchen.
      7759 Us-277, Elgin, OK
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    • $350,000

      Elgin, OK RV Park

      RV park with 14 lots near Lake Ellsworth.
      13 Us-277, Elgin, OK
      View Details
    • $4,310,000
      20,109 SF

      Elgin Square Shopping Center

      Oklahoma Retail Investment Opportunity
      13002-13070 Commerce Dr, Elgin, OK 73538
      View Details

    FAQs

    What type of property is this?
    Land - 1.17-acre RV park with 14 lots, prime location.
    Where is this land located?
    The property is located at 11962 Us-62 Elgin, OK.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Investment property in Elgin, OK, offering high ROI.; On-site dump station.; 14 RV lots with 30 & 50 amp electric service; 7 lots have water, electric, and sewer.
    Request Owner's contact information
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    Elgin, OK 73538
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11962 Us-62 Elgin, OK 73538
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