Property Details for 17220 Us-62

Year built

2019

Lot size

99.50 lot acres

Property type

Mobile home & RV parks

Property subtype

Mixed-use properties

Description

This exceptional 99.5-acre property in Okmulgee County, Oklahoma, presents a lucrative investment opportunity. The established Morris RV Park boasts 29 RV spaces with potential for expansion, generating a substantial net operating income (NOI) of $135,000. The park features modern utilities installed less than five years ago, including power and water hookups at each site, accommodating various RV types. Beyond the RV park, the property includes a two-bedroom, one-bathroom rental home with new central heating and air, a spacious 40x40 shop, a laundry room, dog park, picnic area, horse arena, and a five-stall horse barn. A three-bay storage unit is also included, capable of housing Class A motor coaches. An interactive website further enhances the park's operational efficiency. The property benefits from 10 acres of highway frontage on US-62, ensuring high visibility and convenient access. The expansive acreage offers significant potential for future development, including additional RV sites, residential units, or storage facilities. The property is served by East Central Electric and Rural Water District #4, with three septic tanks and a lagoon providing efficient waste management. The property is zoned AG and is offered as a 1031 exchange opportunity. The asking price is $2,300,000, representing a land value of $12,500 per acre. Recent water infrastructure improvements in the area include a new 250,000-gallon elevated water tank, a new duplex pump station, and extensive waterline upgrades.

Location Insight

City

Morris

County

Okmulgee

State

Oklahoma

Longitude

-95.8868

Latitude

35.6097