5884 Arena Dr Sperry, OK 74073
This exceptional 28.8-acre Osage County property presents a unique investment opportunity. The property boasts a substantial 54,000 sq ft arena, complete with bleachers, a concession stand, sound system, and electronic timers, ideal for diverse events like concerts, auctions, and competitions. Sixteen established RV spots, a dump station, and an 874 sq ft restroom facility cater to campers and travelers. The property also includes half of a large stocked pond, enhancing its appeal and providing a picturesque setting for outdoor activities. Conveniently located approximately 20 minutes from Cross Timbers Marina on Skiatook Lake, 43 minutes from Bartlesville, 16 miles from Owasso, and 15 minutes from Tulsa International Airport, this location offers easy access and high visibility. The seller is offering $30,000 in concessions towards the construction of horse stalls, adding further potential for expansion and revenue generation. This versatile property offers significant income potential through various avenues, making it an attractive investment for entrepreneurs seeking a high-return venture. The combination of the arena, RV park, and ample space creates a truly unique and lucrative opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.