RV Park/Campground Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 18.0%
  • Listing ID: 1193263
  • Posted On: Feb 23, 2020
  • Updated On: Jan 15, 2021

Description

Turnkey established RV Park that gets business year round from the oil and gas industry near Cushing, OK. Seller retiring to Florida and ready to hand over to a new owner. This park lies on approx. 8 acres with about 3 acres that can be used for expansion. There are 21 full hookup RV lots, 3 which are pull through and some fenced for pet parents; 7 fully furnished cabins; 1 double wide and 2 single wide mobiles, also fully furnished; a second single wide is currently used as an office/residence and can be converted back to 2 rentals; 5 mini-storage units and a laundry facility. There are a few long term residents. Furnishings and equipment to remain with the property. Seller is firm on price.

Location

Quail Crossing is located off Hwy 18, 2 miles from the Cimarron River, 7 miles from Cushing, and 19 miles from Stillwater.

Amenities

  • Laundromat
  • Storage
  • Manager Office
  • Wifi
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Park Information

Number of RV Lots: 21
Year Built: 2005
Average RV Lot Rent: $330
Size: 8.0 acre(s)

Financial Information (Actual)

Gross Income: $120,000
Operating Expense: $48,000
Net Operating Income: $72,000
Expense Ratio: 40.0 %

Utility Information

Water: Well
Sewer: Septic