Current Use by Public Records
- Mobile home & RV parks
Property Details for 1062 Cumberland Cove Rd
- Lot size
- 424.00 lot acres
- Property type
- Mobile home & RV parks
- Property subtype
- Campgrounds
Description
This exceptional investment opportunity encompasses a 274-site RV park portfolio spanning Oklahoma, Missouri, Arkansas, and Louisiana. Priced at $4,000,000, this represents a significant value-add proposition, well below replacement costs. The portfolio, previously operated under a membership club model, now offers the potential for substantial revenue growth under traditional RV park management. All membership obligations have been terminated, presenting a clean slate for new ownership. The parks are situated on approximately 424 acres of land, with the majority unzoned, offering potential for future development and expansion. Existing management is in place at three of the four parks, providing a smooth transition for the new owner. The seller is also willing to assist with the transition at the remaining park. Historically, occupancy has been below market due to the membership structure, and rates were significantly under market value. This presents a unique opportunity to optimize operations and achieve high double-digit unlevered yields. The portfolio can be purchased as a whole or individually. This is an ideal opportunity for an investor seeking to acquire underperforming assets and reposition them for significant returns. The potential for long-term growth is substantial, with opportunities to add amenities, cabins, and potentially develop additional sites to leverage economies of scale. This portfolio offers a compelling combination of immediate value and significant long-term upside.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Madill
- County
- Marshall
- State
- Oklahoma
- Longitude
- -96.584
- Latitude
- 34.0599
