32054 Hwy Evening Shade, OK 74427
This exceptional 8.05-acre property in Cookson, Oklahoma, presents a unique investment opportunity near Lake Tenkiller. Priced at $479,000, this mixed-use commercial property boasts a total of 9,026 square feet and includes a variety of income-generating components. The property features a general store with updated POS systems and security cameras, a commercial kitchen and dining area, multiple refrigerators and a walk-in prep area. Fueling options include one double-sided diesel pump and one double-sided unleaded pump. Accommodation options are plentiful, with a 10-room motel (including two kitchenettes for added rental flexibility), five detached cabins (four of which are updated), and seven RV sites equipped with water, septic, and electric hookups. A remodeled one-bedroom, one-bathroom house with original hardwood floors provides additional living space or caretaker quarters. The property also includes a pond and an additional 1.5 acres of unused land. Located 13.8 miles south of the Highway 82/62 roundabout, this property offers immediate revenue potential with furnished, turnkey cabins and RV sites ready for rental. Its prime location near Lake Tenkiller, a popular destination for fishing, boating, and other recreational activities, ensures high demand. Convenient access to major highways (I-40, OK-165/351, and Hwy 412) provides easy connections to Tulsa, Oklahoma City, Fort Smith, and Fayetteville. All furnishings, fixtures, inventory, and equipment are included in the sale. The seller will consider splitting the property under agreeable terms.
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
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Property description
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Risks
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