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OFF-MARKET
Specialty properties

32054 Hwy Evening Shade, OK 74427

9,026 SF 8.05 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Specialty properties
Total area 9,026 SF
Lot 8.05 ac (350,658 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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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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