1701 Park Dr Broken Bow, OK 74728-6108
- Hotels
- 8,637 SF
- 4.87 lot acres
Current Use by Public Records
- Microtel Inn & Suites by Wyndham Broken Bow / Hotel / Inn
Property Details for 1701 Park Dr
- Year built
- 1997
- Lot size
- 4.87 lot acres
- Property size
- 8,637 SF
- Property type
- Hotels
- APN
- 2199-30-06S-25E-2-002-00
- APU
- 21993006S25E200200
Description
This exceptional 43-unit hotel in Broken Bow, Oklahoma presents a lucrative investment opportunity. The two-story, interior corridor property boasts a convenient location on nearly five acres of land along the main highway, directly across from a travel center and in close proximity to two casinos. The hotel features an array of amenities designed to enhance guest comfort and satisfaction, including a breakfast room, an inviting outdoor pool, a guest laundry facility, and ample parking for trucks and RVs. This prime location also benefits from its proximity to popular boating and fishing destinations, attracting a steady stream of tourists and leisure travelers. The asking price for this established hospitality business is $2,750,000. The property's strong location, coupled with its existing amenities and high occupancy potential, makes it an ideal acquisition for investors seeking a profitable venture in the thriving Broken Bow tourism market. The property is situated at 1701 S Park Dr, Broken Bow, OK 74728, in McCurtain County. This is a one-building property with a total of 43 keys. The property's address is easily accessible from the main highway, ensuring high visibility and convenient access for guests. This represents a rare chance to own a well-established hotel in a rapidly growing area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,815,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,930,000
- 6.5%
- $1,815,000
- 7%
- $1,830,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,795,000
- Geo Method
- $2,045,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,800,000
- Retail
- $1,775,000
- Mixed-Use
- $2,100,000
- Hospitality
- $2,285,000
- Educational
- $2,410,000
- Residential Income
- $1,875,000
- Energy
- $1,780,000
- Income-Based Land
- $2,400,000
- Food Service
- $2,105,000
Location Insight
- Map
- Local Demand
- City
- Broken Bow
- County
- Mccurtain
- State
- Oklahoma
- Longitude
- -94.7377
- Latitude
- 34.0049