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Property profile & analytics
OFF-MARKET
Land

14 Old Us Highway 270 McAlester, OK 74501

5 ac lot
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a newer mobile home park situated on 5 acres of land along US Hwy 270 East in McAlester, Oklahoma, on the site of the former Dow Store. Currently featuring six available spaces with ample room for expansion, the park boasts three occupied units, each generating $360 in monthly rent. The seller is responsible for all utilities. The property's strategic location offers significant potential for growth, with the existing septic system capable of supporting up to ten units. This is a developing property; the current owners plan to continue expanding the park until its sale. The asking price is $400,000. This represents a unique chance to acquire a profitable, established business with considerable upside potential in a high-traffic area. The property's existing infrastructure and capacity for expansion make it an attractive investment for those seeking a turnkey operation or a project with significant growth potential. The property is classified as multifamily and commercial, and is further categorized as a duplex/triplex/quadruplex. The property's address is 14 Old US Hwy 270, McAlester, OK 74501.

Property profile
Verified
Property type Land
Lot 5 ac (217,800 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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